China’s Cabinet Proposes Stronger Measures to Boost Recovery Momentum

China’s cabinet has proposed a series of new policies to promote a sustained economic recovery and adopted draft rules that would become the paramount administrative regulations governing the country’s private equity industry.

At an executive meeting chaired by Premier Li Qiang on Friday, the State Council said that overall, China’s economy is picking up, with market demand recovering, output and supply climbing, prices and employment stabilizing, and “high-quality” development steadily advancing, according to the state-run Xinhua News Agency.