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China's Liu He assures business of support, amid regulatory crackdown

14 Sept 06:33 Key points summarised by AI

Vice Premier Liu He affirmed the Chinese government's unwavering support for the private sector, stating that existing policies and guidelines will not change.
Liu He underscored the private economy's vital contribution to China, noting it accounts for over 50% of tax revenue, 60% of GDP, and 80% of urban employment.
The reassurance aims to mitigate market uncertainty caused by recent regulatory crackdowns and President Xi Jinping's 'common prosperity' initiative, which seeks to narrow the wealth gap without stifling economic vitality.
Officials also reiterated commitments to increase policy transparency and predictability, while preventing the 'disorderly expansion of capital' and monopolistic behaviors in the 'platform economy'.

20 Oct 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.