More stimulus seen as China economy loses steam in April

Beijing

CHINA'S money supply grew at its slowest pace on record and investment growth sank to its lowest in nearly 15 years as April data showed the world's second-largest economy was still losing momentum despite a concentrated burst of policy easing.

Wednesday's data added to concerns that Beijing's growth target of around 7 per cent for the year is already at risk, and reinforced views that authorities need to take bolder measures to head off job losses and debt defaults by local governments and companies.