China plans major economic measures to boost post-COVID recovery
China is expected to announce major economic measures on Friday to boost its economy, which is still recovering from the COVID-19 pandemic. Analysts suggest that multi-trillion-yuan initiatives may be necessary for significant growth. Recent signs of improvement include a rebound in auto sales and growth in manufacturing and exports. However, earlier economic support was modest, focusing on stability rather than aggressive recovery. The Communist Party has shifted its focus to address slow economic growth while still prioritizing long-term goals like high-tech and green energy. The central bank's recent easing of borrowing rules has raised hopes for more decisive action.