China Transitions from Crisis to Opportunity in Great Uncertainty - Key messages from China’s 2020 Two Sessions
June 1, 2020
Nicknamed the “Two Sessions (两会),” the annual meeting of China’s top lawmakers and political advisers began on May 21, after two-month delay due to the Covid-19 pandemic. It is regarded as one of the biggest events on the Chinese political calendar, and allows China’s legislature to review the government’s work over the past year and hear its social and economic goals for the next. The Two Sessions include the plenary sessions of the National People’s Congress (NPC), the country’s top legislature, and the Chinese People’s Political Consultative Conference (CPPCC), a body that advises the government on a range of issues.
KEY MESSAGES:
1. The convening of the Two Sessions is not only a powerful proof that China’s battle against covid-19 pandemic has achieved major strategic results, but also a significant sign that China's society has gradually returned to normal and the economy is gradually recovering.
2. The NPC has set a systematic targets NO SPECIFIC GDP growth target in 2020
3. Main focus shifts from "growth" to "Stability" and "Security".
4. Main Action Plans:
- Revitalize economy
- Expand domestic consumption
- Reform of the medical system and emergency system
- Eco-environmental protection
- Optimize the operating environment for foreign investment
June 1, 2020
Nicknamed the “Two Sessions (两会),” the annual meeting of China’s top lawmakers and political advisers began on May 21, after two-month delay due to the Covid-19 pandemic. It is regarded as one of the biggest events on the Chinese political calendar, and allows China’s legislature to review the government’s work over the past year and hear its social and economic goals for the next. The Two Sessions include the plenary sessions of the National People’s Congress (NPC), the country’s top legislature, and the Chinese People’s Political Consultative Conference (CPPCC), a body that advises the government on a range of issues.
KEY MESSAGES:
1. The convening of the Two Sessions is not only a powerful proof that China’s battle against covid-19 pandemic has achieved major strategic results, but also a significant sign that China's society has gradually returned to normal and the economy is gradually recovering.
2. The NPC has set a systematic targets NO SPECIFIC GDP growth target in 2020
3. Main focus shifts from "growth" to "Stability" and "Security".
4. Main Action Plans:
- Revitalize economy
- Expand domestic consumption
- Reform of the medical system and emergency system
- Eco-environmental protection
- Optimize the operating environment for foreign investment
