China’s parliament to unveil more stimulus next week, bold reforms unlikely

China's parliament is expected to unveil moderate stimulus plans to stabilise growth at an annual meeting beginning on Tuesday, but may disappoint those calling for a detailed roadmap of bold policies to fix the country's deep structural imbalances. Premier Li Qiang will lay out economic targets for this year and deliver his first work report to the National People's Congress (NPC), China's rubber-stamp legislature, in the giant Great Hall of the People on the west side of Tiananmen Square. A property crisis, deepening deflation, a stock market rout, and mounting local government debt woes are putting enormous pressure on China's leaders to take momentous policy decisions that will put the economy on solid footing for the long-term.