Analysis-Pressure grows on China for big policy moves to fix economy
As the annual meeting of China's parliament approaches next month, its leaders are facing the greatest pressure in almost a decade to take bold policy decisions that safeguard the economy's long-term growth potential. The start of the year saw Chinese stocks tumbling to five-year lows on growth concerns and deflation deepening to levels unseen since the global financial crisis, prompting comparisons with the 2015 turmoil that forced policymakers into action. China overcame the 2015 crisis by devaluing the yuan and tightening its capital account to prevent outflows, while pouring re...