A Stock Trader’s Guide to China’s National People’s Congress
- Potential beneficiaries are consumer, property, digital stocks
- Markets will be watching premier-in-waiting Li Qiang: Goldman
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Equity traders in China are keenly looking to this weekend’s National People’s Congress to provide fresh catalysts after a torrid February abruptly halted the market’s reopening rally.
More steps to boost consumption, new business-friendly policies for the private sector, and further support for the property industry are among measures that may do the trick. The Congress — China’s parliament — will meet Sunday and usher in a once-in-a-decade leadership overhaul of key agencies. Expectations are rising that Beijing will unveil an economic growth target above 5% this year.