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
