After Covid shutdown, China tries to get its economy back on track

Chinese authorities’ blueprint to stabilize the world’s second-largest economy focuses on boosting consumer spending and rebuilding business and investor confidence as investors feel overwhelmed by years of severe COVID-19 restrictions, a housing downturn and ideologically driven policies. After the unease, China tried to reopen.

Just as investors are trained not to “fight the Fed”, the axiom for investors hoping to benefit from China’s recovery may be: “follow Beijing”. Now, Beijing intends to revive consumer and business confidence and strengthen its capabilities in key areas as the United States and other countries step up efforts to limit its access to advanced technology.

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