Economists call for more policy push

Targeted measures expected to boost domestic demand, spur consumption

China's consumer prices dropped for the second consecutive month in November, indicating still-weak demand and backing the case for further policy support, including a likely reduction in the reserve requirement ratio for banks, economists said on Sunday.

Despite challenges and headwinds, they expressed optimism over the potential for a growth rebound next year given some recent signs of stabilization. They expect to see more measures rolled out to boost domestic demand, spur consumption, help deliver presold homes and help local governments get on the right track on financial issues.

The meeting of the Political Bureau of the Communist Party of China Central Committee, which was held on Friday, indicated that solid steps will be taken to effectively enhance economic vitality, prevent and defuse risks, and improve social expectations as part of the nation's efforts to promote economic growth in 2024.