The annual meeting of the National People’s Congress will be held in Beijing this weekend. Nearly 5,000 delegates meet to discuss policy plans, bills and budgets for next year. The ministers, prime ministers and the president are also nominated.
According to the correspondent from China, it is certain that President Xi Jinping will be nominated for a third term. “It won’t be very exciting.” At last summer’s party congress he was named leader of the Communist Party for the third time. “So this is a piece of the hammer.”
More power
An important theme during the National People’s Congress will be the recovery of China’s economy. For example, the economic growth target will be announced and, according to Eigenraam, a reorganization of government services is imminent. “It is said to be a government financial service that is being relaunched, which would give the president more control over financial policy.”
This means that the Communist Party will penetrate even more into companies, including private companies. “I can imagine this will make companies restless,” Eigenraam says.
More skeptical
While China’s economy is not looking very rosy at the moment, Eigenraam sees all kinds of very positive reports in the media ahead of the party congress. “About rising house prices in January and rising industrial production.” Higher on the agenda will be increasing technological self-sufficiency. Foreign investment in China is also a priority again.
He notes, however, that the Chinese are more skeptical of Xi Jinping’s and the government’s plans than in previous years. ‘People are very flat. Before the Covid crisis, it was often said that China and the economy were doing very well. Now they say: let’s hope it gets better, but we don’t know. You notice that people are a bit tired and don’t have much confidence.’
Source: BNR
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