NPC

China Sets Moderate Economic Goals, Eyes Innovation and Development

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:

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5YP

China’s new leadership largely as expected, though prospects for reform remain unclear

China’s legislature over the weekend and today approved a new round of leaders for the State Council and its ministries. The appointments put some reform-minded officials in key roles, but whether that leads to faster movement on economic reforms remains to be seen.

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China begins restructuring of key government agencies overseeing healthcare, IPR, financial services and agriculture, among others

China’s government will undergo a massive overhaul that officials say will make the government “bet

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tax

NPC Day One: Premier lays out economic agenda

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.

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What to expect in the final National People’s Congress meeting

China’s legislative body is expected to deviate from the typical economic agenda when it convenes March 5 for its final session before the 19th Communist Party Congress in the fall. Instead, the focus will be on preparing for the Party Congress and a leadership shuffle for President Xi Jinping’s second five-year term.

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5YP

New National Security Law Calls for 'Secure and Controllable' Technology

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.

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IP

Leaders Promise Stable Economy, Continued Reforms at 2015 National People’s Congress

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.

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