China’s once a year parliament – the “Two Sessions” – begins on March 4:
- On Tuesday the Chinese People’s Political Consultative Conference (peak advisory body) meets
- This is then followed by National People’s Congress meeting, the legislature
It’ll all go for about a week. We may have to wait until near the end to get press conferences oputling what was decided.
What to expect (in brief, and focus on the economy):
- CPI target is expected to be dropped won to levels closer to 2%, from 3%
- Further stimulus is expected but implementation may hawev to wait until H2
- Bond sale quotas to be increased, both sovereign and on behalf of local governments
- GDP growth target is expected to be maintained ‘around 5%’
Old pic, but it’ll give an idea of the grand affair.