China Resists Pressure for Major Stimulus Amid Economic Challenges

Beijing is expected to resist market pressure for stronger stimulus at its National People’s Congress, focusing on advancing manufacturing. Premier Li Qiang will outline economic targets and policy priorities. The NPC will address real estate crisis, deflationary pressure, and low investor confidence. Notably, no press conference by Li signals concern. Analysts anticipate a restrained growth target due to economic challenges. Beijing's approach to stimulate growth appears conservative with emphasis on advanced manufacturing.