The thousands of delegates who gathered in Beijing for China’s week-long “two sessions” meeting of its rubber stamp legislature and top political advisory body will vote Tuesday, typically almost unanimously, to approve the plan. The stakes are high for China’s government, and Xi Jinping, the country’s most powerful leader in decades, to get the initiatives right.
Beijing needs to fix a raft of domestic issues, including the fallout of a sprawling real estate crisis, high local government debt and weak consumer demand, while facing mounting economic pressure from the United States as President Donald Trump ramps up tariffs on Chinese imports and threatens expanded controls on American investment in China.
