From Investing.com.: 2025-03-07 00:07:00

China’s National People’s Congress annual meeting is underway, with a growth target of 5% for 2025. The budget deficit forecast has been raised to 4% of GDP, the highest in decades, to support growth. Restoring domestic growth is a top priority, with a shift toward boosting consumption and creating a more business-friendly environment. Chinese equity markets are responding positively to the news, with the index rallying 2.8%. The fixed-income market is also reflecting optimism for economic growth, with yields bouncing back and a potential double-bottom forming on the 10-year. Overall, Beijing is committed to supporting the economy with fiscal and monetary policy measures.



Read more at Investing.com.: 5 Key Takeaways From China’s NPC Meeting