China's National People’s Congress
China scraps tradition of premier holding news conference at the close of National People’s Congress, raising concerns about economy and political power under President Xi Jinping
Key Points
- Premier Li Qiang will not hold news conference at the close of NPC
- China facing economic challenges amidst global uncertainties
- Focus on fiscal stimulus and economic recovery strategies
- Potential impact on foreign direct investment and consumer confidence
Pros
- China projecting confidence in its economy
- Potential shift in economic strategy towards fiscal stimulus and encouraging consumption
Cons
- Elimination of premier's news conference raises concerns about transparency and policy communication
- Economic challenges including real estate crisis, deflation, unemployment, and declining exports