China’s top leaders endorse Communist strategy vow to boost economy

China’s powerful Politburo has endorsed the ruling Communist Party’s strategy for growing the economy. The strategy includes encouraging more consumer spending and weeding out unproductive companies to promote “survival of the fittest.” A statement issued after the meeting of the 24 highest leaders of the party warned that coming months would be tough, with high risks. It promised unspecified measures to restore confidence in financial markets and boost government spending.