Asian shares jump as Chinese leaders pledge help for economy
ABC News
Stocks have advanced after Chinese leaders pledged to step up efforts to support the economy
Asian stocks advanced Friday after Chinese leaders pledged to step up efforts to support the economy as the country weathers its worst outbreaks of COVID-19 since the pandemic began.
Oil prices also rose while U.S. futures were mixed.
Chinese state media reported that the ruling Communist Party's powerful Politburo had pledged to step up efforts to boost growth while also curbing coronavirus outbreaks.
The party's COVID-zero policies have put pressure on President Xi Jinping and other leaders to counter the blow to the economy from shutdowns aimed at vanquishing COVID-19. Such restrictions are affecting the world's second-largest economy through disruptions in shipments, manufacturing and other business activity.
