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UBS expects China’s upcoming NPC meeting to deliver upside surprises

UBS is expecting China’s upcoming National People’s Congress (NPC) meeting to deliver “upside surprises”, including an above 5% GDP growth target, possible local government consumption coupons, and policies to ease the property market. The annual meeting of China’s legislature will start on Sunday 5 March and end on Tuesday 7 March 2023. “As we highlighted previously, policy settings in the…

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