Taking stock: all eyes on China’s two sessions for catalysts to drive AI-fuelled rally

Quick Summary:

The meetings will focus on economic growth and fiscal spending, with hopes for policies to support consumption and a weak property market.

The fiscal deficit ratio, a focal point on how to leverage government support to boost growth, is expected to increase to 4 per cent of gross domestic product (GDP) this year from 3 per cent previously, while the GDP target may be left unchanged at about 5 per cent, according to Goldman Sachs and UBS Group.

The parliamentary gathering will largely follow the supportive tone set in late 2024 by top officials who pledged looser monetary and more proactive fiscal policies this year.

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Article Details

Author / Journalist: Zhang Shidong

Category: Business

Markets: Hong KongChina

Topics: Cent Clues Fiscal Support Growth Government China’s Market Tariff Report Investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-01 @ 09:30:16 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 296 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 26532652

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