China watcher Wang Xiangwei on how red tape is stifling growth and why Trump may bring calm
China's upcoming "two sessions" are expected to be heavily focused on economic development, with leaders likely to use terms like "momentous" and "extraordinary" to describe the challenges and opportunities ahead. While high-sounding slogans are anticipated, the key question remains whether these will be followed by concrete actions, as past experience suggests a potential divergence between expectations and actual government delivery.
Premier Li Qiang is expected to announce an economic growth target of around 5%, a figure that aligns with the moderate rebound seen in the Chinese economy during the final months of 2024. The significance of the "two sessions" lies in their potential to shape China's development trajectory in the coming years, but the actual impact will depend on the implementation of policies and strategies beyond the initial announcements.
via SCMP Full Text Feed
China's upcoming "two sessions" are expected to be heavily focused on economic development, with leaders likely to use terms like "momentous" and "extraordinary" to describe the challenges and opportunities ahead. While high-sounding slogans are anticipated, the key question remains whether these will be followed by concrete actions, as past experience suggests a potential divergence between expectations and actual government delivery.
Premier Li Qiang is expected to announce an economic growth target of around 5%, a figure that aligns with the moderate rebound seen in the Chinese economy during the final months of 2024. The significance of the "two sessions" lies in their potential to shape China's development trajectory in the coming years, but the actual impact will depend on the implementation of policies and strategies beyond the initial announcements.
via SCMP Full Text Feed
