China’s annual parliament, the “Two Sessions,” starts next week.

China’s once a year parliament – the “Two Sessions” – begins on March 4:

• On Tuesday the Chinese People’s Political Consultative Conference (peak advisory body) meets
• This is then followed by National People’s Congress meeting, the legislature

It’ll all go for about a week. We may have to wait until near the end to get press conferences oputling what was decided.

What to expect (in brief, and focus on the economy):

• CPI target is expected to be dropped won to levels closer to 2%, from 3%
• Further stimulus is expected but implementation may hawev to wait until H2
• Bond sale quotas to be increased, both sovereign and on behalf of local governments
• GDP growth target is expected to be maintained ‘around 5%’

Old pic, but it’ll give an idea of the grand affair.

This article was written by Eamonn Sheridan at www.forexlive.com.