BEIJING (Reuters) - China's Premier Li Keqiang has pledged to take further steps to boost private investment and lower borrowing costs for companies, state radio reported on Tuesday.
The government will use pro-active fiscal policy to boost investment and continue to promote public-private partnership in investment projects, Li said.
The cabinet has unveiled detailed measures, including widening financing channels for firms and establishing new equity funds, to support investment and economic growth.
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China's economy expanded slightly faster than expected in the second quarter but private investment growth shrank to a record low, suggesting future weakness which could pressure the government to introduce more support measures.
(Reporting by Kevin Yao; Editing by Robert Birsel)