Chinese Markets Rise on Supportive Economic Policies Announced at National People's Congress
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Chinese President Xi Jinping and Premier Li Qiang attended the National People's Congress in Beijing on March 11.
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The National People's Congress ended on Monday, March 13, 2024.
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The Shanghai Composite Index rose 1% during the meeting after economic support measures were announced.
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Hong Kong's Hang Seng Index fell slightly over the same period.
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Mainland Chinese markets welcomed the accommodative fiscal, monetary and credit policies laid out by Premier Li Qiang which are expected to boost the currently undervalued stock market.