China's Cabinet Vows Economic Stability with Flexible Policies

China's cabinet is intensifying efforts to enhance macroeconomic policy effectiveness to meet the year's growth target. Following leadership vows for flexible policies, the cabinet aims to stabilize employment, support companies, and manage market expectations.

In a thrust to bolster economic stability, China's cabinet committed to amplifying the effectiveness of its macroeconomic policies to achieve its annual growth objectives, as reported by state radio.

This commitment comes on the heels of top leaders promising policy stability combined with adaptability and foresight in the latter half of the year, striving to stabilize crucial areas like employment, corporate stability, and market expectations.

(With inputs from agencies.)