China calls emergency economic meeting

China’s cabinet held an emergency meeting of more than 100,000 officials to discuss measures to stabilize its economy as strict COVID measures take their toll.

High-ranking politicians attended the meeting – urging city and provincial authorities to intervene to stem unemployment.

China’s economy has suffered in various sectors since a major wave of COVID spread in March, prompting strict shutdowns in major cities, including the financial hub of Shanghai.

The committee also proposed easing some restrictions, such as allowing trucks to travel from low-risk areas.

China’s economy is expected to grow just 3% this year, down from 8.1% in 2021.

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