China will strive to achieve overall improvement in economic operations, further guide business entities to strengthen confidence and stabilize expectations, state radio cited President Xi Jinping as saying on Tuesday.
An International Monetary Fund (IMF) official has said that recent data indicates confidence and consumption are coming back in China after the country adjusted its COVID-19 pandemic response, noting that he expects "revenge consumption" to play out in the country.
The dollar eased on Wednesday after Federal Reserve Chair Jerome Powell failed to offer fresh signs of a hawkish pushback against a resilient labor market in the United States, leading investors to bet that interest rates may not rise much further.
Brazil's auto industry production and sales dropped sharply in January from the previous month, data from automakers association Anfavea showed on Tuesday, suggesting sluggish demand for vehicles in Latin America's largest economy.
The U.S. trade deficit widened in December, reversing half of the prior month's sharp contraction, as imports rebounded and exports of goods dropped to a 10-month low amid cooling global demand and declining crude oil prices.
Friday's blockbuster jobs report showed why the battle against inflation will "take quite a bit of time," Federal Reserve Chair Jerome Powell said on Tuesday, acknowledging that interest rates may need to move higher than expected if that sort of economic strength threatens the Fed's progress in lowering inflation.