China promises tax cuts, support as it scrambles to control global message

A barrage of commentary from China’s top institutions shows authorities are stepping up efforts to manage the international message on China Evergrande Group’s collapse —even if the developer itself is staying silent about its default status.

Chinese leaders on Friday promised tax cuts and support for entrepreneurs to shore up slumping economic growth after a campaign to rein in surging corporate debt caused bankruptcies and defaults among real estate developers.

A statement issued after an annual planning meeting led by President Xi Jinping called for “maintaining stability,” reflecting anxiety about rising risks after economic growth sagged to an