The Business Times

National People's Congress

International

China publishes draft law to promote private sector

The proposed law will ensure fair competition and improve private firms’ investment and financing environment

Beijing is expected to announce the target at around 5 per cent, a fairly ambitious number for a government grappling with severe economic challenges.
International

Li Qiang is first China premier to skip National People’s Congress briefing since 1993

CHINA’S Li Qiang will become the first premier in three decades to skip holding a press briefing at the annual parliamentary meetings, a move likely to fan investor fears around opaque policymaking.

Premier Li Qiang will deliver the government work report for the first time at the National People’s Congress on Tuesday.
International

China to unveil GDP target, avoid ‘bazooka’ stimulus at meeting

CHINA is set to announce its 2024 growth target and outline its strategy for supporting the slowing economy at the nation’s most high-profile annual political gathering this week.

The country’s development still faces triple pressures including demand contraction, supply shock and weakened expectations.
International

China says its economic recovery is still not solid

China said on Tuesday (Feb 28) the foundation of its economic recovery is not yet solid, and various unexpected factors may occur at any time, state media reported.

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