China's Leaders Vow to Tackle Competition, Stabilize Economy

China's top leaders have promised to address disorderly competition and improve capacity management in key industries. Maintaining policy continuity and stability while ensuring flexibility, China's efforts in the second half of the year will focus on stabilizing jobs and companies amid economic challenges.

China's top leaders have made a commitment to address disorderly competition among enterprises and enhance capacity management in key industries in the latter half of this year, as reported by state media outlet Xinhua on Wednesday.

The nation will prioritize maintaining policy continuity and stability, while also ensuring flexibility, according to highlights from a meeting of the Politburo, a major policy decision-making body within the Communist Party.

Facing numerous economic risks and challenges, China aims to stabilize jobs and businesses, with the July Politburo meeting outlining the economic strategy for the remaining months of the year, as reported by state media.

(With inputs from agencies.)