Chinese leaders to hold annual ‘Two Sessions’ meeting as debate about bazooka-like stimulus swirls
2024-03-04 09:53:11 source：CNBC
March 3, 2024
BEIJING — China is set this week to kick off its annual parliamentary meetings, which investors are watching closely for signals on economic stimulus.
The country’s gross domestic product grew by 5.2% in 2023, but overall recovery from the Covid-19 pandemic was slower than many had expected. A prolonged slump in the massive real estate market and falling global demand for Chinese exports have contributed to low levels of consumer and business sentiment.
That’s all led to questions over whether Beijing will step in with large-scale support. So far, authorities have been relatively reserved.
Read more: