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China tries to calm markets by pledging support for economy - New Delhi Times - India Only International Newspaper

China’s government tried Wednesday to reassure jittery investors by promising support for real estate and technology companies 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, President Xi Jinping’s top economic adviser, the official Xinhua…

China tries to calm markets by pledging support for economy

China’s government tried Wednesday 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…

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