CHINA: National People’s Congress will signal tolerance for slower growth

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GDP and fiscal deficit targets announced at China's annual parliament session will signal whether policymakers are prepared to accept slow growth.Covid-19 presents an opportunity for to complete the transition away from reliance on annual GDP targets – a trend that was already underway before the pandemic.The parliament will likely approve the issuance of rarely-used central government "special bonds" to re-capitalize small banks suffering from pandemic-related corporate defaults. China's annual parliament session, the National People's Congress (NPC), will convene on 22 May after be
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