China to take steps to stabilize economic activity, bring economy back to normal track

BEIJING, May 23 (Xinhua) -- China will adopt a package of measures to stabilize economic performance, in an effort to get the economy back to normal track and keep major economic indicators within an appropriate range, according to a decision made at the recent State Council's Executive Meeting chaired by Premier Li Keqiang.

Noting the increasing downward pressure on the economy and the serious difficulties facing many market entities, the meeting stressed the need to stay confident, respond resolutely, fully apply the new development philosophy and coordinate COVID response with economic and social development with high efficiency.