2/7, 1:20 PM (Source: TeleTrader)
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Xi calls for economic improvements in China

Chinese President Xi Jinping said on Tuesday that the country will boost efforts to achieve overall economic improvements by guiding businesses in strengthening confidence and stabilizing expectations.

Xi's remarks, transmitted via China's state radio, came nearly a week after the International Monetary Fund reported China's economic growth significantly slowed last year pressured by Beijing's strict coronavirus-related lockdown measures.

The Chinese economy disappointed official expectations by expanding by only 3% in 2022. However, the relaxation of the country's COVID-19 restrictions at the end of the year pushed positive market sentiment.

Baha Breaking News (BBN) / ND