The Chinese government has drawn up a plan to boost its economy back to the fore amid a slowdown in a number of sectors. The plan included strengthening the stock market and easing mortgage rules, as well as cracking down on government malpractices.
China is facing a very sensitive phase amid the slowdown in the growth of several economic sectors in the country, which has prompted Beijing to develop a plan to bring its economy to the fore again, which includes strengthening its stock market. The Chinese government recently cut fees on stock trades by half, and is slowing the pace of public offerings to prevent the withdrawal of liquidity and restricting the refinancing of some poorly performing companies.
Source (Al-Arabiya.net Website, Edited)
