A review of China’s key annual political gathering and what it means for businesses engaging with China.
Stability, employment, and resilience dominated China’s most important political gathering this year, the Two Sessions, which wrapped up in Beijing on May 28. Delayed since March and in the shadow of the unprecedented impact of the COVID-19 pandemic and escalating tensions with the United States, this year’s meetings were among the most consequential of the last 40 years.
Leaders at the Two Sessions, or lianghui as its also known, were direct in acknowledging the significant economic impact from COVID-19. The leaders were clear that recovery starts at home. While the stimulus was significant, so far it is far less than during the 2008 Financial Crisis.
Read this year’s report on China’s Two Sessions and what it means for businesses engaging with China.