Xi: Greater access to private capital is key

The Chinese leadership pledged to stabilize economic growth while promoting structural reform in the second half of the year, stressing prevention of systemic risks.

At a meeting on Thursday of the Political Bureau of the Communist Party of China Central Committee, President Xi Jinping called for ensuring certain public spending and providing greater access to private capital in government-led investment programs.

The meeting highlighted providing a favorable regulatory environment for new business ventures based on improvements in structural reform.