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04.05 - 12:31
China Celebrates Economic Recovery, Pledges More Help on Jobs
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SINGAPORE—The top policy-making body of China’s Communist Party pledged to nurture the country’s economic recovery after better-than-expected growth in the first quarter of the year, signaling optimism over the outlook for the economy while acknowledging problems such as local-government debt and youth joblessness.
The world’s second-largest economy is expected to expand at a healthy clip this year after Beijing ditched its strict approach to controlling Covid-19 late last year. The upbeat projections offer support to a global economy beset by slowing growth in the U.S. and Europe as rising interest rates, stubborn inflation and the specter of financial-sector instability bear down on consumer and business spending.
Read more on wsj.comAbout this in other media
China’s Consumers Lead Recovery in April wsj.com /1 year ago
China’s Consumers Lead Recovery in April wsj.com /1 year ago
China Celebrates Economic Recovery, Pledges More Help on Jobs wsj.com /1 year ago
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