Analysis: China’s leaders have pledged to upgrade the economy. Why are investors so skeptical? | CNN Business

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world.

Hong Kong CNN  — 

Chinese leaders have pledged to achieve an ambitious growth rate this year, while reshaping its economic model to focus on technology innovation.

But how Beijing will implement this vision remains unclear, and its resistance to any major stimulus measures to increase income and spur consumption has disappointed investors, sending them toward the exits.

On Tuesday, Premier Li Qiang announced

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