This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing in our spring flash sale. China’s finance and commerce ministers, as well as the heads of the People’s Bank of China, National Development and Reform Commission and China Securities Regulatory Commission, face the press … Read more
02:40 Chinese Premier Li Qiang delivers his first work report amid concerns about state of the economy Chinese Premier Li Qiang delivers his first work report amid concerns about state of the economy China should formulate regulatory policies in a “scientific” manner, while ensuring consistency in implementation, Zhou said in a comment ahead of the … Read more
Former premier Li Keqiang also mentioned foreign interference in his remarks at the NPC session in 2022, but the topic did not appear in any other government work report in the past decade. 02:40 Chinese Premier Li Qiang delivers his first work report amid concerns about state of the economy Chinese Premier Li Qiang delivers … Read more
Beijing is angling to revive confidence in private entrepreneurs and foreign investors via a renewed campaign for a unified national market and better business environment – an essential task to fulfil its ambitious expansion target of around 5 per cent and ensure economic stability in 2024. In his maiden government work report on Tuesday, Premier … Read more
“Global economic growth lacks steam and the regional hotspot issues keep erupting. This has made China’s external environment more complex, severe and uncertain,” he said. But there was no announcement of any splashy quick fixes. The government would press on with a “proactive fiscal policy and prudent monetary policy”, the premier said, suggesting no major … Read more
That could be because he had the approval of the most important person in the room. After giving his speech, Li appeared to receive endorsement from Xi Jinping – the pair made eye contact and a smiling Li exchanged a few words with the president, who was seated beside him. Later, Li had a longer … Read more
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing in our spring flash sale. Premier Li Qiang will deliver his first government work report at the meeting, offering a glimpse into the central government’s economic goals and foreign policy as well as its … Read more
A new law promoting the private sector is being crafted to tailor legislation to the most pressing needs of the key sector. China’s door is always open to the world, and we will never slam it shutLou Qinjian, NPC spokesman The top legislature is also set to review the first amendment to the Organic Law … Read more
A proposal to double China’s tax-free allowance to 10,000 yuan (US$1,389) per month would “dare people to spend”, according to delegates at the ongoing “two sessions”, with boosting consumption seen as “key to a sustained economic rebound” this year. National People’s Congress (NPC) delegate Zhang Xuewu, who is chairman of snack giant Yanker Shop Food, … Read more
Technology executives attending China’s biggest annual political gathering known as the “two sessions” have called for the country to make more home-grown advanced chips and train talent to help with its artificial intelligence (AI) push, according to tabled proposals. Lei Jun, co-founder and CEO of smartphone giant Xiaomi and a delegate of the National People’s … Read more
