National People’s Congress: China’s Biggest Political Meeting of 2021 Begins

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  • Bloomberg Quicktake: Now published this video item, entitled “National People’s Congress: China’s Biggest Political Meeting of 2021 Begins” – below is their description.

    China’s most senior officials are gathering in Beijing over the next week for the annual full-session of the country’s parliament, the National People’s Congress. Closely watched during that period will be what economic goals Beijing sets for the coming years, the outlook for U.S. ties, the evolving governance of Hong Kong, and how China aims to achieve its goals of becoming technologically self-sufficient and carbon neutral.

    Today is the first day of the NPC and will feature Chinese Premier Li Keqiang delivering his work report, the equivalent of the U.S. State of the Union address. China will also be releasing its 2021 fiscal budget, a slew of economic and industrial priorities for the year, as well as development plans for the next five- and 15-year periods.

    Also in focus are potential changes to the governance of Hong Kong, after it was revealed late Thursday that the NPC will review a proposal to overhaul the city’s electoral system. Although details of the proposal have yet to be made public, the move is likely to limit the ability of Hong Kong’s political opposition to win public office.

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