China's top leaders said at a regular meeting Friday that domestic demand is still insufficient, according to state media.
in the first quarter, prompting several investment firms to raise their economic forecasts for the year.
"At present the positive turn in China's economy is primarily one of a recovery. Internal drivers still aren't strong, and demand is still insufficient," a state media readout of the meeting said in Chinese, translated by CNBC. "Economic transformation and upgrade faces new resistance, and the promotion of high quality development still needs to overcome many difficulties and challenges," the readout said.watch now
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