The Chinese authorities will hold the ‘two sessions’ later this week. First is the Chinese People’s Political Consultative Conference (CPPCC), which begins on March 4, and then the National People’s Congress, which follows on March 5. Both are expected to be in-session for seven days, which is about half as long as the pre-COVID precedent.
Though the bodies themselves are largely symbolic, this week’s disclosures will effectively pull back the curtain on a slew of policy aims. Broadly, these include setting out the economic imperatives of the post-COVID era and transitioning economic growth to a domestic-consumption model.