China likely to cut inflation outlook to two-decade low, lay out stimulus plans at 'Two Sessions' meeting

China is expected to acknowledge a significant softening in domestic demand at the upcoming “Two Sessions” parliamentary gathering, where details on fiscal stimulus to counter U.S. trade tensions will be revealed. Beijing is likely to lower its annual consumer price inflation target to around 2%, the lowest in over two decades, reflecting modest domestic demand. Economists predict persistent deflation and expect significant stimulus measures to be implemented in the second half of the year, following a period of economic slowdown and societal discontent.

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