China’s National People’s Congress opened its 2018 session Monday and will run through March 20. The US-China Business Council’s initial reporting on Premier Li’s report on the economy can be found here.
This week has seen the release of annual reports from the National Development and Reform Commission (NDRC), the Ministry of Finance (MOF), and the Ministry of Agriculture (MOA), with accompanying press conferences. Highlights include:
MOF outlined...
China’s legislature began its annual meeting today with the delivery of the Premier’s Government Work Report, which set an economic growth target of “around 6.5 percent” for the year. The National People’s Congress (NPC) is slated to discuss a variety of policy changes over the course of the next two weeks. Premier Li rehashed a series of previously promised market entry liberalizations. The work report also set goals for China’s advanced manufacturing industry, overcapacity reduction...
China’s central government closed its annual National People’s Congress on Wednesday on a positive note, touting successful implementation of its previous Five-Year Plan and setting new targets for the years ahead.
Premier Li Keqiang highlighted several key points on China’s economy in his closing news conference:
US-China Bilateral Investment Treaty (BIT) Li stated that China will actively advance BIT negotiations, and “reduce or gradually...
China’s leading legislative body will convene March 3, with economic themes expected to be prominent on the agenda. Following the 2015 National People’s Congress (NPC) meetings, the government announced a broad agenda to stabilize the economy and continue reforms in the sectors that need it the most, such as in environmental sustainability, fiscal policy, and the reform of state-owned enterprises (SOEs).
China delivered on some 2015 commitments—such as passage of...
This issue marks the first of a regular series of US-China Business Council (USCBC) reports analyzing key discussions and decisions of China’s bimonthly National People’s Congress (NPC) Standing Committee Meetings, the most recent of which concluded on November 4. According to press reports, during this round of meetings central legislators approved decisions covering reforms in the pharmaceutical, agriculture, and other consumer-facing industries.
Reforms in pharmaceutical...Amidst growing concern nationwide about China’s air quality, in late August the Standing Committee of the National People’s Congress (NPC) passed the amended Air Pollution Prevention Law (APPL), incorporating critical changes after a third round of revisions. The new APPL is the first air quality-specific piece of legislation to be passed since the Environmental Protection Law (EPL) came into effect on January 1, 2015, and includes provisions to encourage energy efficiency, assign...
China’s legislature on July 1 finalized the National Security Law of China, which includes all-encompassing definitions of national security as well as troublesome language to keep critical technology “secure and controllable.” The law was passed almost unanimously on the last day of the National People’s Congress (NPC) Standing Committee’s June 24-July 1 executive session. The vague nature of key definitions of national security—and the continued use of terms such as “secure and...
China’s leading legislative body discussed a broad agenda on key concerns like economic reform, rules for legislation, and maintaining growth in a slowing economy at their annual meeting that concluded yesterday in Beijing with a press conference held by Premier Li Keqiang. Li focused on maintaining macroeconomic stability and pushing forward with economic reforms. During the nearly two weeks of National People’s Congress (NPC) meetings, senior leaders and NPC delegates discussed a variety...
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