Beijing has already instituted several measures in recent months, like cutting taxes and increasing infrastructure spending, as economic growth slumped to a near three-decade low "Downbeat data strengthen the case for more easing," Julian Evans-Pritchard, senior China economist at Capital Economics, said in a research note.
China's retail sales growth slowed to a 16-year low last month, raising questions about consumer confidence in one of the world's biggest markets .
But activity in the sector also decelerated because there were fewer holidays in April this year than last, said Jingyang Chen, a China economist at HSBC, in an analyst note.
China's retail sales growth cooled significantly last month, according to figures released Wednesday.
The US-China trade war remains one of the biggest risks to China's economy, with tariffs expected to hurt economic growth on both sides.