Xi chairs rare meeting to 'resolve risks' in China's finance sector

Chinese President Xi Jinping speaks at the opening ceremony of the Belt and Road Forum to mark the 10th anniversary of the Belt and Road Initiative at the Great Hall of the People in Beijing on Oct 18, 2023. Chinese President Xi Jinping chaired a key meeting this week aimed at resolving"risks" in the country's finance sector, state media reported Tuesday , as

Beijing has charted an uncertain recovery from the COVID-19 pandemic as weak consumption and a slow-motion housing crisis weigh on growth. A key measure of factory output, the index stood at 49.5 in October, below the 50-point mark separating expansion from contraction.

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