2019 Two Sessions: Searching for Certainty

Published on 2019-03-20

China’s annual political gathering in review and what it means for business.

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China’s annual parliamentary gathering of the National People’s Congress (NPC) and the Chinese People’s Political Consultative Congress (CPPCC)— commonly known as the Two Sessions — convened this year against a backdrop of slowing economic growth at home, questions over business practices overseas, and doubts about whether a long-term China-US tradedeal is achievable. Amid the uncertainty, China’s leadership sought to project an image of control and stability, solemnly noting the risks, pressures and challenges the country now faces.

The world today faces profound changes of a kind unseen in a century”, Premier Li Keqiang said in delivering the draft Government Work Report, the centerpiece of the event. Li put notable focus on progress in the Three Critical Battles against poverty, pollution and financial risk. These have gained importance in the policy calculus, as China seeks to balance short-term growth with managing the massive debt risks that threaten economic stability, while meeting people’s rising demand for a better life—what the administration refers to as "high-quality development".

Content Abstract:

  • A period of profound change
  • Critical signals from the Sessions
  • Foreign investment welcome
  • Sustaining growth with stability
  • Responding to citizens
  • China, its borders, and the world
  • Political Backgrounder

The full report on the 2019 Two Sessions by Brunwick is attached below.

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