China prepares to announce economic stimulus package to boost growth
China is set to announce a new economic stimulus package on Friday, aimed at boosting its struggling economy. This follows a recent easing of borrowing restrictions by the central bank, which had a positive impact on the stock market. Recent data shows some recovery signs, including a rebound in auto sales and a positive manufacturing survey. However, analysts believe more substantial measures are needed to achieve the government's growth target of around 5% for the year. Previously, the government's efforts focused on long-term structural issues rather than immediate economic recovery. The upcoming announcement may mark a shift towards more aggressive short-term strategies to address economic sluggishness.