Provinces take lead in stabilizing growth

China's major provincial economies are stepping up efforts to stabilize the growth in their regions, with strong focus on expanding effective investment and spurring consumption, as the central government has called on them to take the lead in supporting the country's economy.

Experts highlighted the importance of those economically strong provinces to the nation's overall stable growth, fiscal revenues and employment, saying that investment and consumption will accelerate in those provinces with stimulus policies taking effect in the following months.

China is at a critical juncture for economic rebound, given the impact of insufficient demand and the COVID-19 pandemic, they said, calling for greater efforts to consolidate the foundation of recovery.