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China's leaders pledge support for economy, including tech companies

Chinese share prices surge in response to Poltiburo meeting outcome

The latest Politburo meeting chaired by Chinese President Xi Jinping said it would support COVID-hit industries and small firms, speed work on infrastructure, and stabilize transport, logistics, and supply chains.   © Reuters

BEIJING (Reuters) -- China will take steps to support its economy, including embattled internet platforms, as risks grow from its COVID-19 outbreaks and conflict in Ukraine, a top decision-making body of the ruling Communist Party said on Friday, lifting markets.

The coronavirus and conflict in Ukraine have contributed to economic headwinds in a crucial year for China and President Xi Jinping, who is expected to secure a precedent-breaking third leadership term in the autumn.

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