China's National People’s Congress meeting will be held starting next weekend on March 5, with Chinese Premier Li Keqiang expected to reinforce the message for "deepening supply-side structural reforms" in 2017, said ANZ AG at a research report.
Namely, China will continue on the five initiatives of deleveraging, capacity reduction, inventory reduction, cost reduction and mending the weaknesses of the economy.
The government will likely embrace a risk management attitude across many policy aspects in 2017, especially with the commencement of the 19th National Congress of the Communist Party in the autumn.
With this in mind, the importance of official targets on growth and inflation will be potentially lower, said ANZ. In fact, even policymakers have realized by now that the Chinese economy needs to address several structural issues...
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