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Reuters
Reuters
Business
By Kevin Yao and Albee Zhang

Chinese leaders vow to prop up COVID-battered economy as virus spreads

A resident receives a nasal spray vaccine as a second booster dose against coronavirus disease (COVID-19), at a vaccination site in Beijing, China December 16, 2022. cnsphoto via REUTERS

President Xi Jinping and his senior officials pledged to shore up China's battered economy next year as the deaths of two veteran state journalists highlighted the worsening spread of COVID-19 in the capital Beijing.

Xi and his leaders ended their two-day Central Economic Work Conference with a call, via state media, to step up policy adjustments and strengthen coordination to support an economy that analysts estimate grew just 3% this year - its worst performance in nearly half a century.

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