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The National People’s Congress could disappoint the markets

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Published: March 3rd, 2024,
Last updated: May 28th, 2025

Tourists on Tiananmen Square in Beijing: All buildings lining the square have already received red flags in anticipation of Tuesday’s National People’s Congress.
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Nearly 3,000 delegates will gather on Tuesday for the annual National People’s Congress (NPC). The difficult economic situation will take center stage. However, few expect any significant reforms or stimulus programs. There have been fewer clear signals in the run-up to the NPC than there have been for a long time – and what is known points to continuity. The directives for the NPC are likely to be fuelled directly by the ideas of state and party leader Xi Jinping himself.

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Domestic policy of the CP China Economic policy National People's Congress