China tries to calm markets by pledging support for economy

China tries to calm markets by pledging support for economy

2 years ago
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https://apnews.com/e6f8321ad7789682c4bb456fb591be6f

BEIJING (AP) — China’s government tried Wednesday to reassure jittery investors by promising support for real estate and technology companies after regulatory crackdowns caused stock prices to plunge.

Regulators should issue market-friendly policies to “invigorate the economy,” officials said at a Cabinet meeting led by Vice Premier Liu He, President Xi Jinping’s top economic adviser, the official Xinhua News Agency said