Are you ready for the Two Sessions?
China's Two Sessions kick off on Monday.
- These meetings are some of the most important gatherings on the annual political calendar.
- Read our preview here.
The official agenda isn't out yet – but we think the sessions will wrap up on March 12.
- That's because Beijing restricts the use of personal drones during the event – and this year, restrictions will last nine days (Gov.cn).
- That's also been the standard time frame of the sessions since 2020.
For most of our readers, headline developments will include:
- Key economic targets and policy signals in Premier Li Qiang’s Government Work Report, as well as the macro planner's economic and social development plan and the finance ministry's budget plan.
- Significant or intriguing statements by Xi Jinping – at his many meetings with legislative delegations – or by other senior officials at their press conferences.
We also expect the legislature to approve the first-ever revisions to the State Council Organic Law.
- This crucial law gives the State Council its powers.
- We don’t expect any major last-minute changes – but if there are any, they could have a huge impact.
The biggest unknowns are on personnel:
- Will the legislature appoint Liu Jianchao as the new minister of foreign affairs?
- Will it elevate Liu and Dong Jun, the recently appointed minister of national defense, to become State Councilors?
Get smart: Top officials could end eight months of turmoil and uncertainty within the State Council leadership by making those appointments at the sessions.
- But we also won't be surprised if they chose to handle the appointments quietly, at the bimonthly session of the legislature’s standing committee shortly afterward.
The bottom line: There will be plenty to unpack next week to understand the future implications for businesses in China.
- We can help with that.
So make sure to learn more about our Two Sessions corporate coverage package.