China's top leaders have pledged to loosen monetary policy and provide more support for the slowing economy.

China’s powerful Politburo has endorsed the ruling Communist Party's strategy for growing the economy by encouraging more consumer spending and weeding out unproductive companies to promote “survival of the fittest.”.

Asian shares are higher even though the latest data showed China's economy is weaker than expected.

Shares are mixed in Asia after China reported that its economy expanded at an 8.1% annual pace in 2021, though growth slowed to half that level in the last quarter.

Asian shares are mixed after China reported a big jump in factory gate prices at a time when inflation is a top investor concern.

China’s economic growth surged to 18.3% over a year earlier in the first quarter of 2021 but an explosive rebound in factory and consumer activity following the coronavirus pandemic was leveling off.