Jade Gao | Afp | Getty ImagesBEIJING — China is not planning additional stimulus for the second half of the year, according to officials from the economic planning agency and finance ministry.
Those official figures have raised concerns about whether China can achieve its full-year target of around 5% growth.
China will put "promoting consumption in a more prominent role," Yuan Da, deputy secretary-general of the National Development and Reform Commission, told reporters Thursday in Mandarin, translated by CNBC.
He reiterated that authorities would work for the "healthy" development of real estate and ensuring the delivery of pre-sold apartments.
For example, Lu'an City in Anhui province announced Thursday it was issuing 1.5 million yuan in coupons for discounts on eating out at restaurants, 3 million yuan for buying home goods and 3 million yuan for car purchases.
Persons:
Jade Gao, Zhao Chenxin, Lin Zechang, Zhao, Yuan Da, Yuan
Organizations:
Central Business District, Afp, Getty, National Development, Reform Commission, CNBC, Ministry of Finance
Locations:
Beijing, BEIJING, China, Lu'an City, Anhui