Beijing - Analysts on Monday welcomed China's announcement of a major package of measures to stimulate domestic demand but warned that economic growth was still likely to slow next year.
"While these measures cover a wide range of areas, the clear focus is government-financed or mandated investment and construction," Hong Kong-based economist Tao Wang of UBS Investment Research said in a report to clients.
"Public housing and infrastructure are likely to receive the biggest push," Wang said.
"These public projects will help to boost overall investment sentiment and bring about more bank lending," he said.