Chinese president Xi Jinping, was out on the wires in the last hour, via Xinhua, saying that China’s economy is facing increasing uncertainties and downward pressure.
Additional quotes:
“¢ Any comments or behaviour casting doubt on China’s economic system is not in line with the country’s policy.
“¢ To ease tax burden on private companies.
“¢ To resolve private companies’ financing problems.
“¢ To widen financing channel for private companies.
“¢ Will encourage private companies to participate in state-owned firms’ reform.
“¢ China can provide necessary financial aid to private firms with healthy prospects.
“¢ Local governments can set up funds to support private firms using their own resources.
Share
