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The Chinese economy after the ‘Two Sessions’

First published: Council on Geostrategy 19-04-2023

The curtain raiser at last month’s National People’s Congress (NPC) was, as always, the Government Work Report on the economy, presented for the last time by Li Keqiang, Premier of the State Council, who is stepping down. The report conformed to the normal practice of setting out the Chinese Communist Party’s (CCP) main economic targets and priorities in the year ahead, and was accompanied, as usual, by considerable detail and repetition in the annual Budget Report on fiscal policy, and the National Development and Reform Commission’s report. In five important respects, however, the Work Report on the economy this year was unusual, posing some interesting questions for the Chinese economic outlook in and after 2023. Read on…..