Macroeconomy, Finance, and Procurement Among China’s Legislative Priorities

Key Takeaways

• The National Development Planning Law, aimed at aligning government priorities and enhancing top-down policy coordination, is set to be introduced this year.
• Policymakers will also tighten regulations governing financial markets, with the aim of closing loopholes resulting from fragmented, sector-specific oversight.
• Legislative plans also suggest that a clearer definition of “domestic product” may be in the works.