Although Beijing announced some new stimulus measures, it appears markets prefer to focus on the "great uncertainty" that Chinese officials see ahead (due to the coronavirus) leading to a decision to not release a target for economic growth has thrown the "v-shaped" recovery narrative out the window (for now). “We have not set a specific target for economic growth this year,” Li said, speaking in the Great Hall of the People. “This is because our country will face some factors that are difficult to predict in its development due to the great uncertainty regarding the Covid-19 pandemic and the world economic and ... (full story)