China’s annual National People’s Congress (NPC) kicked off on March 5 and is set to run until March 11. According to Adam Turnquist, chief technical strategist at LPL Financial, while the NPC may be a rubber stamp for party policies, investors are closely monitoring its developments.
The market reaction suggests renewed optimism, with Chinese equities rallying and fixed income markets showing signs of life. The iShares China Large-Cap ETF (NYSE:FXI) is up 5.48% over the past five days. The KraneShares CSI China Internet ETF (NYSE:KWEB) is up 9.88% and the iShares MSCI China ETF (NASDAQ:MCHI) has gained 5.90% over the same period.
But is this the real turning point for China’s economy – or just another sugar high?
Growth Target: Can China Hit 5%?
Premier Li Qiang reaffirmed China’s 2025 growth target at 5%, marking the third consecutive year of this goal. Turnquist notes that while this target was expected, economists remain skeptical, forecasting closer to 4.5% growth. Economists, however, are skeptical, pegging actual growth closer to 4.5%.
The government’s strategy? A mix of fiscal stimulus and …
Full story available on Benzinga.com
China’s annual National People’s Congress (NPC) kicked off on March 5 and is set to run until March 11. According to Adam Turnquist, chief technical strategist at LPL Financial, while the NPC may be a rubber stamp for party policies, investors are closely monitoring its developments.
The market reaction suggests renewed optimism, with Chinese equities rallying and fixed income markets showing signs of life. The iShares China Large-Cap ETF (NYSE:FXI) is up 5.48% over the past five days. The KraneShares CSI China Internet ETF (NYSE:KWEB) is up 9.88% and the iShares MSCI China ETF (NASDAQ:MCHI) has gained 5.90% over the same period.
But is this the real turning point for China’s economy – or just another sugar high?
Growth Target: Can China Hit 5%?
Premier Li Qiang reaffirmed China’s 2025 growth target at 5%, marking the third consecutive year of this goal. Turnquist notes that while this target was expected, economists remain skeptical, forecasting closer to 4.5% growth. Economists, however, are skeptical, pegging actual growth closer to 4.5%.
The government’s strategy? A mix of fiscal stimulus and …
Full story available on Benzinga.com
China’s annual National People’s Congress (NPC) kicked off on March 5 and is set to run until March 11. According to Adam Turnquist, chief technical strategist at LPL Financial, while the NPC may be a rubber stamp for party policies, investors are closely monitoring its developments.
The market reaction suggests renewed optimism, with Chinese equities rallying and fixed income markets showing signs of life. The iShares China Large-Cap ETF (NYSE:FXI) is up 5.48% over the past five days. The KraneShares CSI China Internet ETF (NYSE:KWEB) is up 9.88% and the iShares MSCI China ETF (NASDAQ:MCHI) has gained 5.90% over the same period.
But is this the real turning point for China’s economy – or just another sugar high?
Growth Target: Can China Hit 5%?
Premier Li Qiang reaffirmed China’s 2025 growth target at 5%, marking the third consecutive year of this goal. Turnquist notes that while this target was expected, economists remain skeptical, forecasting closer to 4.5% growth. Economists, however, are skeptical, pegging actual growth closer to 4.5%.
The government’s strategy? A mix of fiscal stimulus and …Full story available on Benzinga.com Read MoreAnalyst Color, Asia, China, CHIX, Expert Ideas, FXI, GXC, KFVG, KURE, KWEB, Li Qiang, Macro Economic Events, MCHI, PGJ, Stories That Matter, Specialty ETFs, Top Stories, Economics, Markets, Analyst Ratings, ETFs, FXI, US4642871846, GXC, US78463X4007, PGJ, US73935X4016, CHIX, US37950E6068, MCHI, US46429B6719, KWEB, KURE, KFVG, Analyst Color, Asia, Macro Economic Events, Specialty ETFs, Top Stories, Economics, Markets, Analyst Ratings, ETFs, Benzinga Markets
