China's Xi Jinping: Stronger antimonopoly efforts, healthy capital market

Mr Xi called on Friday for a healthy development of China's capital markets, preventing financial risks and focussing on tackling risks from non-performing assets and bubbles, Xinhua said.

"Capital is an important force to promote social productive forces," Mr Xi was quoted as saying as he chaired a study session after a Politburo meeting."And it has a profit-seeking nature." "If it is not regulated and restrained, it will bring immeasurable harm to economic and social development."corrupt behaviour related to disorderly capital expansion and platform monopolies,The authorities will improve economic opening, attracting more international capital to invest in China while encouraging domestic firms to go overseas, Xinhua said.

The Politburo, the top decision-making body of the ruling Communist Party, pledged to step up support for the Covid-hit economy, including embattled Internet platforms, and to expand economic policy adjustments.

CCP CPC is the biggest monopoly.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China's Xi vows stronger antimonopoly efforts, healthy capital marketBEIJING: Chinese President Xi Jinping said the nation should strengthen its antimonopoly efforts and prevent a disorderly expansion of capital, the official Xinhua news agency reported on Saturday (Apr 30). Xi called on Friday for a healthy development of China\u0027s capital markets, preventing financial risks The state government CCP is the biggest monopoly. oops, last week baba up 15%, tomorow down 20%. china stonk is realy political, no analisis will win haha. tats the reason one of analysis said uninvestable. Ah.. the smell of communism
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »