China plans economic stimulus package to boost recovery efforts

China is set to announce a new economic stimulus package on Friday, following a meeting of its legislature. This comes as the country seeks to boost its economy, which has struggled to recover fully from the COVID-19 pandemic. Recent measures, including easing borrowing restrictions, have led to a stock market rally. However, analysts believe more substantial actions are necessary to ensure a sustained economic recovery. While there have been positive signs, such as increased auto sales and a rise in exports, the government has previously focused on long-term structural issues. The upcoming stimulus aims to address immediate economic challenges while still pursuing broader goals of high-tech and green energy development.