China will set its annual growth target next week but further measures to stimulate its spluttering economy may hinge on the confidence felt by the country’s smaller companies.
Top Communist party cadres will gather in Beijing on Monday and Tuesday for the annual Two Sessions meeting, which sets the country’s annual growth target.
Analysts at Oxford Economics expect policymakers to aim for lower growth than last year’s target of “about 5 per cent”, arguing that a target range of between 4.5 to 5 per cent “could provide policymakers the space to calibrate [their] stimulus this year, while supporting high quality development”.
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