China pledges support for economy to boost markets ...Middle East

China will take steps to support its economy, including embattled internet platforms, as risks grow from its COVID-19 outbreaks and conflict in Ukraine, a top decision-making body of the ruling Communist Party said on Friday, lifting markets. Coronavirus and events in Ukraine have contributed to headwinds buffeting the economy in a crucial year for China and President Xi Jinping, who is expected to secure a precedent-breaking third leadership term in the autumn.

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