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) meetsThis is then followed by National People’s Congress meeting, the legislatureIt'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 H2Bond sale quotas to be increased, both sovereign and on behalf of local governmentsGDP growth target is expected to be maintained 'around 5%'Old pic, but it'll give an idea of the grand affair.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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