China to boost policy coordination, government transparency: cabinet
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Chinese Premier Li Keqiang listens to Belgian Prime Minister Charles Michel (not pictured) during the meeting at the Great Hall of the People in Beijing, China October 31, 2016. REUTERS/Kenzaburo Fukuhara
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BEIJING (Reuters) - China will attract more private investment into health care and other emerging industries, and improve policy coordination and transparency in the government, the State Council said on Monday, at a meeting headed by premier Li Keqiang.
The State Council, China's cabinet, reaffirmed a focus on supply-side reform, recognized institutional constraints on private investment and innovation and called for meeting annual economic growth targets.
China's economy grew at a steady 6.7 percent in the third quarter, but private sector investment is growing near record-low levels, with companies still facing an uneven playing field compared to state firms.
China will maintain a prudent monetary policy and proactive fiscal policy, President Xi Jinping told a meeting last week of the Politburo, the highest decision-making body of the ruling Communist Party.
(Reporting by Elias Glenn; Editing by Clarence Fernandez)
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