Mainland Chinese stocks have tumbled in the last few days as authorities set a relatively low GDP target and signaled a shift away from policies meant to keep the economy afloat in the wake of the coronavirus pandemic. The Shanghai composite has dropped more than 5 over the last five trading days, with losses accelerating this week to the indexs lowest since December, according to Wind Information. Other mainland stock indexes such as the Star 50, which tracks big names on the technology stock board, and the CSI 300 are down nearly 8 or more over the last five trading days.

The indexes rose on Wednesday after U.S. markets recovered overnight from a recent selloff. After the mainland Chinese stock markets significant gains over the last six months, investors are focused on two things, Tai Hui, chief Asia market strategist at JPMorgan Asset Management, said Wednesday.

One is concerns over a rollback of supportive fiscal and monetary policy based on comments out of Chinas annual parliamentary meeting; the other is the selloff in the U.S. market, particularly in highflying technology stocks, he said. Top officials from the Peoples Bank of China and banking regulator have warned this month about financial market risks. Their comments come alongside Chinas biggest political event of the year, the Two Sessions parliamentary meeting.

As part of the gathering, Chinese Premier Li Keqiang announced Friday the country would target GDP growth of over 6 for the year, on the low end…