0852 GMT - China's policy focus will likely shift toward stimulating consumption after some positive signals seen in tech and other sectors, HSBC economists say in commentary. Market regulators recently introduced measures in order to improve quality of goods and consumer rights protection, the economists note. Some recent developments have lifted sentiment, including a tech rally propelled by the DeepSeek breakthrough, they say. President Xi's recent meeting with private-sector leaders also signals more policy tailwinds for the private economy, HSBC adds. Investors are closely watching for China's growth target and policy focus next week at the upcoming NPC meetings. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
February 26, 2025 03:52 ET (08:52 GMT)
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