Beijing is set to announce its economic growth target and endorse new rules around foreign investment during the country's major annual parliamentary meeting: the National People's Congress, which kicks off on Tuesday.
Beijing is set to announce its economic growth target and endorse new rules around foreign investment in the next two weeks during its major annual parliamentary meeting: the National People's Congress.
The second session of the 13th National People's Congress will kick off on Tuesday morning and end next week Friday , a spokesperson announced during a press conference Monday morning. On overall macroeconomic policy, Morgan Stanley economist Robin Xing said in a Thursday note he expects more fiscal easing and a slight increase in broad credit growth, which would help economic growth improve from the second quarter.
China has come under increased pressure from foreign countries that have complained of unequal business access to the local market. Points of contention include alleged forced transfer of technology and intellectual property protection. Trade tensions with the U.S. escalated last year after President Donald Trump announced additional tariffs on $250 billion worth of goods from China, and Beijing countered with its own duties on $110 billion worth of U.S. goods.
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