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(Bloomberg) -- Chinese stocks saw a reversal of fortune this week versus global peers as investors tiptoed back into the market, betting an expected lift of Shanghai lockdowns would spur a rally.Most Read from BloombergCathie Wood Just Keeps Buying Coinbase and Getting More InflowsIndia Bans Wheat Exports as Food Security Comes Under ThreatElon Musk Sows Doubt Over His $44 Billion Twitter Takeover10 Dead in Buffalo Supermarket Attack Police Call Hate CrimeTerra $45 Billion Face Plant Creates Cro

(Bloomberg) -- China’s President Xi Jinping made a bold commitment to boost infrastructure construction in Beijing’s latest bid to rescue economic growth, a strategy that may prove less effective this time around as authorities take a hardline approach to bringing Covid outbreaks under control.Most Read from BloombergRussia to Cut Gas to Poland and Bulgaria, Making Energy a WeaponRussia Warns of Nuclear War Risk as Ukraine Talks Go OnUkraine Latest: Russia Says It Cut Gas Flows to Poland, Bulgar

The Federal Reserve signaled it's likely to increase a key U.S. interest rate by 1/2-point steps at upcoming meetings if inflation remains high or gets even...