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The
State Council, China's cabinet, reaffirmed a focus on
supply-side reform, recognized institutional constraints on
private investment and innovation and called for meeting annual
economic growth targets.
China's economy grew at a steady 6.7 percent in the third
quarter, but private sector investment is growing near
record-low levels, with companies still facing an uneven playing
field compared to state firms.
China will maintain a prudent monetary policy and proactive
fiscal policy, President Xi Jinping told a meeting last week of
the Politburo, the highest decision-making body of the ruling
Communist Party.
(Reporting by Elias Glenn; Editing by Clarence Fernandez)
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