China vows support in bid to calm markets

by The Manila Times

Mar 17, 2022 12:07 am

BEIJING: The Chinese government on Wednesday tried to reassure jittery investors by promising support for its struggling real estate industry, internet companies and entrepreneurs who want to raise money abroad 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, Chinese President Xi Jinping's top economic adviser, according to the state-run Xinhua News Agency.

WALK ON BY Visitors walk past signs of Chinese brands inside a mall in Beijing on Wednesday, March 16, 2022. AP PHOTO

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