Policy steps key to tackling tariffs impact

These will expand domestic demand, solve issues faced by enterprises

Facing headwinds from the United States' sweeping tariffs, Chinese policymakers should take both short-term policy steps as well as long-term reform measures to expand domestic demand, tackle issues faced by enterprises and boost confidence among consumers and investors, economists from government-backed think tanks said on Friday.

Although China's economy performed better than expected in the first quarter, Wang Yiming, vice-chairman of the China Center for International Economic Exchanges, noted that the broader economy is still facing pressing challenges from the volatile tariff policy of the United States and insufficient domestic demand.

"The foundation for sustained economic recovery is not yet solid," he told a monthly economic meeting held by the China Center for International Economic Exchanges in Beijing on Friday. "Some enterprises still face production and operational difficulties amid tepid price levels."