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China's State Council Pledges Market Stabilization Measures After Stock Market Fell Again Amid Global Sell-Off

China's State Council has committed to implementing improved policy mechanisms to stabilize its stock market following further declines amid a wider global sell-off.

Source image accompanying China's State Council Pledges Market Stabilization Measures After Stock Market Fell Again Amid Global Sell-Off

According to the South China Morning Post, China's State Council has pledged enhanced market stabilisation measures after the stock market fell again on Friday, following a meltdown on the US markets. Officials present at the State Council executive meeting, which was chaired by Chinese Premier Li Qiang, stated on Friday that they intend to bolster the intrinsic stability of the stock market and encourage the consistent and sound growth of the capital market.

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