The annual “two sessions,” a highly anticipated event on China’s political calendar, began on Tuesday with the opening of the annual session of the country’s top political advisory body. The sessions hold profound significance as the world’s second-largest economy accelerates its shift toward high-quality development and advances Chinese modernization.
This year’s two sessions are expected to shape the country’s policy direction amid an increasingly complex and challenging domestic and global landscape. Chinese leaders attended the opening meeting of the National Committee of the Chinese People’s Political Consultative Conference, emphasizing China’s accomplishments in economic and social development targets for 2024.
During the sessions, top officials will present work reports, review the government’s annual budget and development plan, and deliberate on key legislative amendments. The focus will be on fostering consensus and enhancing confidence as China strives to deepen reforms and achieve its goals outlined in the 14th Five-Year Plan.
The economic growth target for 2025, along with key macroeconomic indicators, will be unveiled at the start of the NPC session. China has signaled a shift in its macroeconomic stance, adopting more proactive policies to stimulate growth and address challenges such as insufficient domestic demand and external pressures.