China’s Xi Vows to Promote Healthy Development of Capital
- Xi’s comments signal softening stance toward private sector
- Xi also pledges to give more space for capital to grow
A health worker in Beijing on April 29.
Photographer: Kevin Frayer/Getty Images
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Chinese President Xi Jinping urged efforts to regulate and guide the healthy development of capital and promote its positive role, signaling a softening stance toward the country’s struggling private sector as the economy slows.
Speaking at a Friday gathering of the Politburo, the Communist Party’s top decision-making body, Xi also vowed to deepen capital market reforms and offer more space for the development of different types of capital, Xinhua News Agency reported Saturday.