This is a China news story, published by CNBC, that relates primarily to UBS news.
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China 's annual parliamentary gathering, known as the " Two Sessions ," starts on Tuesday .
Beijing is also expected to release its plans for spending on defense and technological development in the year ahead .
China has been under deflationary pressure with nominal GDP growing slower than real GDP for the seventh straight quarter in the final quarter of 2024 .
Beijing could more than double the size of the consumer trade-in program from last year to over 300 billion yuan in subsidies, UBS ' Wang said.
China is also expected to release its spending plans for defense and technological development for the year ahead .
Beijing is due this fall to begin formalizing its priorities for the next half decade of development, known as " five-year plans".
VR Score
95
Informative language
96
Neutral language
58
Article tone
formal
Language
English
Language complexity
55
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
8
Source diversity
7
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