Chinese authorities are expected to lower growth targets during annual meetings that open today in Beijing.
The “Two Sessions” involve meetings of a broad consultative body followed by the country’s rubber-stamp parliament. Analysts pore over their pronouncements to glean shifts on key issues. This year, China — grappling with a mountain of debt, a flailing property market, and the threat of deflation — is expected to push for a growth target of between 4.5-5%, its lowest on record.
Chinese leader Xi Jinping also recently removed nine military officers due to take part in the Two Sessions, indicating that an anti-corruption push may have only reached “the end of the beginning,” the South China Morning Post said.
