China markets set for weak showing as growth target disappoints

A screen displays a news broadcast of Li Keqiang, China's premier. (Image: Getty)

Tue, 07 Mar 2023

Chinese markets may come under pressure again on concerns that authorities will withhold stimulus after unveiling a conservative economic growth target that is below many investors’ expectations. The consensus-lagging growth goal of around 5% for 2023, as Premier Li Keqiang outlined in a key address to open the National People’s Congress on Sunday, suggests strong monetary or fiscal help may be off the table for now. His last government work report at the annual parliamentary meetings also dampened hopes for more potent measure...

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