China expected to cut inflation outlook to two-decade low, lay out stimulus plans at 'Two Sessions' meet

1. China plans to reduce inflation target to around 2%, signaling weak demand. 2. Fiscal stimulus will increase China's budget deficit to 4% of GDP. 3. Chinese GDP growth target expected to be set at 5% for the year. 4. Beijing's economic policies may impact U.S.-China trade relations and exports. 5. Support for private sector and regulatory leniency is anticipated in new laws.