Chinese Leaders Convene Economic Meeting

This is a China news story, published by CNBC, that relates primarily to CSI news.

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Chinese President Xi Jinping

CNBC

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World

China's top leaders are set to discuss GDP growth target, stimulus measures amid economic worries

Summary

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85% Informative

Market participants will watch the events this week for clues on how policymakers plan to steer the world's second -largest economy through entrenched deflation and looming U.S. tariffs.

While the specific numbers will not be announced until March , it is widely expected that Beijing will keep its next year's GDP growth target at "around 5" - if not slightly lower.

China 's economy is on track to achieve this year 's growth target of around 5% , but it is still contending with several longer-term problems, including a prolonged housing downturn and tepid domestic consumption.

China 's government bonds have been on a tear amid expectations of further interest rate cuts.

The 10-year yields recently dropped below the psychological benchmark of 2% to hit a multi-decade low.

Chinese benchmark CSI 300 was down 0.5% Monday after jumping 1.3% last Friday to its highest level in two weeks .

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English

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