From March 5 to 12, China held its annual Two Sessions — the National People’s Congress meeting and the Chinese People’s Political Consultative Conference. These gatherings provide yearly insights into China’s economic and political priorities and plans. Additionally, this year, the government presented its 15th Five-Year Plan, laying out key policies to 2030. We asked four experts to offer their key takeaways from the National People’s Congress.
Ling ChenWilliam L. Clayton Associate Professor at the School of Advanced International Studies, Johns Hopkins UniversityA key takeaway from China’s most recent National People’s Congress is that Beijing is trying to respond to its economic slowdown by pursuing two goals that sit uneasily together. On the one hand, the government emphasized the need to boost domestic demand and household consumption, acknowledging that weak consumer confidence and spending have become major drags on growth.
