China’s leaders pledge to spur domestic demand, economic recovery in 2024

News Snapshot:

Open this photo in gallery: People walk by construction cranes in Beijing, on March 15.Andy Wong/The Associated Press China will spur domestic demand and consolidate and enhance the economic recovery in 2024, the Politburo, a top decision-making body of the ruling Communist Party, was quoted by state media as saying on Friday. The government has in recent months unveiled a flurry of measures to shore up a feeble post-pandemic economic recovery that has been held back by a property crisis, local government debt risks, slow global growth and geopolitical tensions. Ratings agency Moody’s slapped a downgrade warning on China’s credit...