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What to Take Away from China’s 2019 “Two Sessions”
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What to Take Away from China’s 2019 “Two Sessions”

The National People’s Congress and the Chinese People’s Political Consultative Conference

TF Caijing editing team
TF Caijing, 2019
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8

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  • Analytical
  • Overview
  • Hot Topic

Recommendation

At the beginning of March 2019, China’s Government Work Report unveiled growth targets and reform measures for 2019. The year represents the 70th anniversary of the founding of the People’s Republic of China and a crucial year in the country’s endeavor to build a moderately prosperous society in all respects by 2020. The report declared a number of major goals, which include developing new and improved approaches to macro regulation, improving the business environment, speeding up efforts to apply internet and other information technology in all industries and sectors, spurring the development of the domestic market, enhancing ecological improvement, fostering new strengths in international economic cooperation and competition, and more. This article published on TF Caijing, a Chinese financial news media platform, dissects the detailed report, extracts the most important points, and features comments and observations from experts to provide additional insights. Anyone who wants insights into China’s general national policies and the country’s promising industries will find this analysis intriguing.

Take-Aways

  • In 2018, China made progress in GDP growth, job creation, tax reduction and medical welfare.
  • In 2019, with the domestic economy on the decline, China’s government will strive for continued GDP growth, employment promotion, consumer price control and poverty alleviation.
  • The government’s primary tasks will revolve around reducing taxes, invigorating capital markets, boosting the new-energy vehicle industry, and improving Sino-US economic and trade relations.

About the Author

This report was written by the TF Caijing editing team. TF Caijing is a Chinese news media platform that analyzes corporate development and investment trends and reports on the capital dynamics of China’s different industries.

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