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.
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