China Vows Stimulus and Market Reforms to Spur Economic Recovery

• China vows to break down barriers to aid economic recovery, calling for smoothed domestic trade, better business environment, market vigor, and technological innovation

• China faces challenges like weak property market, local debt, subdued consumption, and lingering external risks

• GDP growth of 5.2% in 2022 has not revived consumer or investor confidence

• China aims to construct unified market for seamless exchange of production factors like labor, goods, capital, and data

• Analysts suggest China announce even stronger stimulus policies to see significant economic recovery in coming quarters