Asia Earnings Week Ahead: JD, Trip.com, CATL, AIA, Cathay
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China set a modest economic growth target of around 5% for the year with a supportive spending plan. Economists expect that the actual growth will beat the new target after budgetary support and the end of Covid Zero.
Premier Li Keqiang said boosting domestic demand, a reference to consumer spending and business investment, would be the government’s top priority this year. Now investors are looking for catalysts in upcoming earnings.