A government think-tank has called for resolute initiatives to boost private-sector investment, stoke consumption and expand foreign investment in China to offset a slowing global economy.
The measures are in a study by the Macro-economic Research Institute of the State Development Planning Commission, China's top economic planner, according to Beijing-based China Securities.
The mainland is facing falling exports and trade this year, as the United States-led global economy begins to slow after 10 years of strong growth.
The situation is compounded by Japan's shaky economy and yen. The Japanese currency fell to a 29-month low of 126.81 to the US dollar on Monday before bouncing back towards the end of the week.
'The external environment now has stronger influence on the mainland economy, with exports playing a key role to the country's pace of growth,' the study said.
China's exports are forecast to grow 5 per cent this year, down sharply from last year's growth of 27.8 per cent.
