Chinese President Xi Jinping has called for immediate action to protect the private sector amid ongoing challenges faced by private companies, as highlighted in a recent survey. Premier Li Qiang emphasized the need to boost consumer purchasing power, stabilize market expectations, and support economic growth during a meeting focused on the economy. The government also pledged to stabilize the housing market, maintain employment levels, and accelerate the development of service consumption and new consumption models as key drivers of growth. Li stressed the importance of consolidating and expanding the momentum of China's economic recovery to achieve the country's annual economic and social development goals. Analysts noted that China's monetary conditions are expected to remain reasonably accommodative in the coming months, supporting credit expansion and steadier capital market expectations. However, some experts have pointed out that recent poor economic data reveal the limitations of China's current wait-and-see approach to economic management, with concerns that proposed measures may not effectively address underlying structural issues.