China expected to ramp up municipal special debt quotas at next week's parliament meeting ...Middle East

China's annual parliament meeting begins next week:

China's annual parliament, the “Two Sessions,” starts next week.

A snippet from Goldman Sachs on some key points to watch for:

estimates the special debt quota municipalities would be allowed to issue will be increased to 4.7 tn yuan, from 3.9 trillion yuan in 2024keeping employment growing will be a key goal, Goldman Sachs are looking for a jobless rate target of around 5% (vs. around 5.5% last year)

estimates the special debt quota municipalities would be allowed to issue will be increased to 4.5 tln yuan

The backdrop to this meeting is a challenging one.

This article was written by Eamonn Sheridan at www.forexlive.com.

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