The first sessions of the 14th National People’s Congress (NPC) and the National Committee of the Chinese People’s Political Consultative Conference (CPPCC) were successfully held in Beijing from 4 to 13 March 2023. Policymakers specified 13 focus areas:

  • Stabilising growth as a top priority for the year
  • Boosting domestic demand as a key driver to economic growth
  • Strengthening the modernisation of the industrial system
  • Boosting market confidence and stimulating the vitality of the private sector
  • Kicking-off a new round of state owned enterprises reform
  • Facilitating high-level opening up to stabilise foreign trade and foreign investment
  • Enhancing fundamental research to boost self-reliance and strength in science and technology
  • Promoting green development to reach the “dual carbon” goals
  • Further advancing the comprehensive registration-based system to improve the modern capital market with Chinese characteristics
  • Preventing and mitigating major economic and financial risks
  • Facilitating coordinated regional development
  • Improving people’s well-being
  • Implementing a new round of institutional reform of the State Council