Largely subservient to the ruling Communist Party (CCP), this parliamentary chamber, meeting for nine days at the People’s Palace in Beijing, should also offer Xi Jinping an unprecedented third presidential term within a few days.
After three years of slowdown due to anti-Covid restrictions, “China’s economy is enjoying a solid recovery”underlined the report of the outgoing Prime Minister, Li Keqiang, presented to the nearly 3,000 deputies of the PNA.
The target of “around 5%” GDP growth is, however, one of the most modest targets in decades.
In 2022, China’s GDP had grown by just 3%, one of the weakest increases in 40 years, once morest the backdrop of an economic slowdown, the Covid-19 epidemic, confinements and a crisis in real estate.
