China Financial News reports researcher says the economy is on a stabilizing and improving trend in Q2

China Financial News reports (via MNI):

• Xu Hongcai, a researcher with the China Center for International Economic Exchanges, said the economy is on a stabilizing and improving trend in Q2
• Says short-term fine-tuning measures have taken effect
• Said credit supply has increased after the two targeted reserve cuts and is supporting under-served sectors of the economy