economy to dominate China's legislative session |
Posted: March 8, 2023 |
economy to dominate China’s legislative session The installation of new leaders and the need to shore up a flagging economy will dominate the annual session of China’s rubber-stamp parliament that kicks off Sunday.To get more latest news about china economy, you can visit shine news official website. The nearly 3,000 delegates attending the meeting of the largely powerless National People’s Congress will hear reports on the work of government that lay out the ruling Communist Party’s priorities. Don’t expect open debates or criticism. All documents, decisions and appointments are expected to receive unanimous support. WHAT’S SPECIAL ABOUT THIS YEAR? This year’s gathering comes at the start of China’s latest five-year political cycle, as an addendum to the ruling Communist Party’s 20th annual congress in October. That event saw the appointment of a new Politburo Standing Committee, the apex of political power in China, led by Secretary General Xi Jinping, China’s president who has eliminated term limits to allow him to rule for life. China’s economy was battered by pandemic-related lockdowns, quarantines and other harsh measures imposed under the “zero-COVID” strategy, adding to the woes of a hugely indebted real estate sector and the precarious state of local government finances. At the same time, China’s assertive, often adventurous foreign policy has put it at odds with the U.S. and its allies over issues from Russia’s invasion of Ukraine to threats against Taiwan and even the banning of the Chinese short video app TikTok by foreign governments on national security grounds. That could be most pronounced in the security field, where the responsibilities of the Ministry of Public Security in charge of the police, and the Ministry of State Security that handles foreign and domestic intelligence, could by taken over by party commissions. Measures to boost a flagging birthrate are also expected to be discussed, following the abandonment of the much-criticized and highly punitive one-child policy in 2016. That followed the announcement in January that the population fell by 850,000 last year as a result of a cratering birthrate and aging population, the first decline in 61 years. Local governments are offering subsidized childcare, cash payments of 5,000 yuan ($700) or more and even free apartments to couples who decide to start families, especially if they’re having more than one child. The issue of Taiwan, which split from the mainland in 1949 and has never been governed by the Communist Party, is also seen as growing more pressing, especially given heightened tensions with Taiwan’s top ally, the United States. Since the NPC’s passage in 2005 of an “anti-secession law,” leaders have debated enacting tougher measures to back up Beijing’s threat to use force to annex the island it considers its own territory. “Now, of course, some people may think (the NPC) is more conservative. That’s true,” said Cheng Li, an expert on Chinese politics and leadership issues at the Brookings Institution think tank in Washington, D.C.
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