China Acknowledges Domestic Demand Softening

This is a China news story, published by CNBC, that relates primarily to UBS news.

China news

For more China news, you can click here:

more China news

News about Asia business & economics

For more Asia business & economics news, you can click here:

more Asia business & economics news

CNBC news

For more news from CNBC, you can click here:

more news from CNBC

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about Asia business & economics, you might also like this article about

Beijing

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest chief China economist news, Chinese goods news, news about Asia business & economics, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

Chinese authorities

CNBC

•

World

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

Summary

Nutrition label

90% Informative

China 's annual parliamentary gathering, known as the " Two Sessions ," starts on Tuesday .

Beijing is also expected to release its plans for spending on defense and technological development in the year ahead .

China has been under deflationary pressure with nominal GDP growing slower than real GDP for the seventh straight quarter in the final quarter of 2024 .

Beijing could more than double the size of the consumer trade-in program from last year to over 300 billion yuan in subsidies, UBS ' Wang said.

China is also expected to release its spending plans for defense and technological development for the year ahead .

Beijing is due this fall to begin formalizing its priorities for the next half decade of development, known as " five-year plans".

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language