onsdag 11. mars 2026

China bets on new tech, domestic demand at 'Two Sessions'

Beijing is doubling down on advanced technology and boosting domestic demand amid economic slowdown, according to signals coming from the annual "Two Sessions" meetings set to conclude this Thursday.

Thousands of delegates are attending the annual meetings of the National People's Congress (NPC) — the Chinese legislative assembly — and the Chinese People's Political Consultative Conference (CPPCC), a top level advisory body, in Beijing. Together, the two conferences offer early signals about potential shifts in China's policy — particularly on the economy, security and foreign affairs. This year's "Two Sessions" also coincide with the launch of China's 15th Five-Year Plan, the country's economic and political road map for 2026–2030.

Premier Li Qiang set a GDP growth target of around 4.5–5% for 2026, the lowest official goal since 1991. The figure marks a notable shift after decades in which China maintained rapid expansion, positioning itself as a key driver of global economic growth.