PERSPECTIVE ON ECONOMY
However, Lou on Monday delivered a positive message, claiming that Beijing’s leaders had “ample self-confidence” that the economy may rise.
He resisted that” China has more favorable circumstances than problems in its financial development.”
” The main pattern of a rise in the economy and long-term growth continues to be the same,” he said.
Premier Li Qiang would not be holding a press event at the end of the NPC, he added, breaking with decades-old history.
Beijing’s modest expansion goals may be” no easy task,” Li had remarked in the lecture last year.
According to experts, China’s military expenditure will improve, second only to that of the United States, in addition to its commitment to national security.
Last month, Beijing conducted raids on a number of well-known consulting, study, and due diligence firms while significantly expanding its concept of espionage.
In the run-up to the NPC, the court’s top physique also approved a large and ambiguous revision of the nation’s state secrets law.
According to Lynette Ong, a professor at the University of Toronto, there will continue to be an focus on safety.
” I do n’t anticipate any significant policy changes, such as significant structural changes that will alter the course of the economy,” she continued.
The NPC appears to have much real strength on the surface.
All important decisions will have been made months before in closed-door discussions of the Communist Party, far from the cameras of the world’s media.
However, experts claim that the subjects that are up for discussion and the voice of the remarks provide important insight into what keeps China’s leaders awake at night.
According to Diana Choyleva, chief economist at Enodo Economics, “balancing security with the need to maintain the market ticking over while other problems are worked up is at the forefront of policymakers ‘ heads.”