Hong Kong stocks up nearly 3% as China sets ambitious growth target

Analysts expect more government support to meet Beijing's GDP goal

20240305 Hang Seng

Experts say China's challenging backdrop will require the world’s second-largest economy to provide more policy support. © Reuters

LISA KIM

TOKYO -- Hong Kong stocks ended Wednesday's session higher as the Chinese government set an ambitious economic growth target for next year.

While the gross domestic product target of 5% was in line with expectations, experts say the challenging backdrop of the world's second-largest economy will require it to provide more policy support.

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