Yesterday, three Chinese government agencies outlined 17 measures for different sectors and regions to "revive" the industrial sector of the economy, including the use of government funds to expand investment, and policies to stabilize foreign investment and exports. This came at a time when China faces economic pressures from dwindling global demand and geopolitical tensions, as well as domestic economic downturns including manufacturing disruptions and weakening demand, a property sector downturn, and new COVID outbreaks.