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The Shanghai and Shenzhen stock exchanges reacted eloquently to Li Qiang's speech on the eve of the National People's Congress (NPC) on March 5, by plunging into the red at the opening.
The Chinese Prime Minister had just forecast “around 5%” growth for China in 2024, one of the lowest targets in three decades at the opening of the communist regime's grand political mass taking place this week in the Great Hall of the People, Beijing.
But no major recovery plan on the agenda, once again disappointing the stock markets of the world's second largest economy, whose CSI 300 index lost 11% in value last year, unlike the rest of the planet.
Weighed down by debt, Beijing is maintaining its focus on upgrading its industry, particularly the technology sector, under the banner of red economic sovereignism, with its eyes fixed on its long-term rivalry with America.
Read alsoIn China, the Communist Party sets the course for 2024
Li has become accustomed to disappointing…
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