0309 GMT - China's upcoming National People's Congress meeting is unlikely to introduce major stimulus or surprises, says UOB economist Ho Woei Chen. The brokerage expects China's GDP growth target to remain "around 5%" and the inflation target to be set at approximately 2%, down from 3% in previous years, given muted price pressures. UOB also forecasts a widened fiscal deficit target of 4.0% of GDP to allow for increased fiscal spending. China will likely to keep its focus on boosting consumer spending, promoting the private sector and advancing technological innovation to strengthen supply chain resilience, UOB says. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
February 27, 2025 22:09 ET (03:09 GMT)
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