Traders are closely following news out of China’s “two sessions” gathering of political elites. Pictured are delegates arriving for the opening of the second session of the 13th National People's Congress outside the Great Hall of the People in Beijing on March 5, 2019. Photo: EPA-EFE

China, Hong Kong stocks eke out small gains as Beijing sets lowest GDP growth rate in three decades

  • China sets its lowest economic growth target of 6 to 6.5 per cent for 2019
  • China manufacturers to see 3 percentage point cut in value-added tax – a bigger gift than expected
Topic |   Stocks

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Traders are closely following news out of China’s “two sessions” gathering of political elites. Pictured are delegates arriving for the opening of the second session of the 13th National People's Congress outside the Great Hall of the People in Beijing on March 5, 2019. Photo: EPA-EFE
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Traders will be listening for stock-moving policy steps out of this week’s ‘two sessions’ gathering. Here, Chinese President Xi Jinping walks to deliver his speech at the National People's Congress in Beijing on March 20, 2018. Photo: Reuters

5 things traders are watching for as China’s power elite gathers at the ‘two sessions’

  • Hugely important decisions will be made that could impact China stocks
  • Traders say stocks that might be most affected are tied to consumption, autos, construction, health care and brokerages
Topic |   Two Sessions 2019 (Lianghui)

TOP PICKS

Traders will be listening for stock-moving policy steps out of this week’s ‘two sessions’ gathering. Here, Chinese President Xi Jinping walks to deliver his speech at the National People's Congress in Beijing on March 20, 2018. Photo: Reuters
READ FULL ARTICLE