{"id":2323,"date":"2017-03-06T08:39:13","date_gmt":"2017-03-06T07:39:13","guid":{"rendered":"http:\/\/blogg.lnu.se\/china-research\/?p=2323"},"modified":"2017-03-06T09:32:35","modified_gmt":"2017-03-06T08:32:35","slug":"china-so-far-nothing-really-new-from-the-national-peoples-congress","status":"publish","type":"post","link":"https:\/\/blogg.lnu.se\/china-research\/?p=2323","title":{"rendered":"China \u2013 (so far) nothing really new from the National People\u2019s Congress"},"content":{"rendered":"<p>China holds currently its annual big convention, the National People\u2019s Congress (NPC). The NPC is not a major policy or decision forum but it brings together around 3000 people from all over the country to single out the (economic) state of the country, the outlook for the current year and the strategies behind the plans, particularly the GDP-growth target. Sometimes, also important news may be presented but this mandate is usually more directly in the hands of the most powerful Politburo Standing Committee of the Communist Party. The Prime Minister\u2019s press conference at the end of the NPC week, however, deserves special attention as well. Still, the most interesting event during 2017 will most certainly be the 19<sup>th <\/sup>National Congress of the Communist Party of China this coming fall.<\/p>\n<p>On Sunday, March 5, Prime Minister Li Keqiang had his important performance announcing a slight reduction of 2016 year\u2019s GDP-growth target of 6.5-7 % to around 6.5% in 2017 or better if possible (outcome 2016: 6.7%). This is certainly only a minor adjustment and within the limits of accuracy of statistical measurement (which still is not very precise when it comes to Chinese GDP). Anyway, Chinese growth expectations have really come down during the past few years &#8211; but China still cares strongly about \u201cemployment and the improvement of people\u2019s lives\u201d according to Li Keqiang. This certainly includes the environment. It can be added that Prime Minister Li really did not play down various major risks for the Chinese economy \u2013 but positive signals dominated.<\/p>\n<p>There are altogether nine top priorities determining Chinese economic policy during 2017. The details are certainly not new but positively repeating major objectives from the important strategic Third Plenum in 2013. The encouraging conclusion is that reform policy is still on track \u2013 and hopefully also after the 19<sup>th<\/sup> National Congress of the Communist Party of China (even if certain goal conflicts do not allow for an optimization of all the 60 reform chapters from 2013). Compromises will be needed.<\/p>\n<p>Read more about the top nine priorities of the government for 2017 in an interesting document edited by the State Council (chairman: the Prime Minister) from March 5, 2017:<\/p>\n<p><a href=\"http:\/\/english.gov.cn\/premier\/news\/2017\/03\/05\/content_281475585531944.htm\">http:\/\/english.gov.cn\/premier\/news\/2017\/03\/05\/content_281475585531944.htm<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/image.lnu.se\/image.ashx?id=117818&amp;w=110\" alt=\"\" width=\"110\" height=\"136\" \/><\/p>\n<p><strong><em>Hubert Fromlet<\/em><\/strong><em><br \/>\n<\/em>Affiliate Professor at the School of Business and Economics, Linnaeus University<br \/>\n<a href=\"..\/editorial-board\/\">Editorial board<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/blogg.lnu.se\/china-research\">Back to Start Page<\/a><em><br \/>\n<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China holds currently its annual big convention, the National People\u2019s Congress (NPC). The NPC is not a major policy or decision forum but it brings together around 3000 people from all over the country to single out the (economic) state of the country, the outlook for the current year and the strategies behind the plans, [&hellip;]<\/p>\n","protected":false},"author":174,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13398],"tags":[],"class_list":["post-2323","post","type-post","status-publish","format-standard","hentry","category-china-2"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>China \u2013 (so far) nothing really new from the National People\u2019s Congress - China Research<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/blogg.lnu.se\/china-research\/?p=2323\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"China \u2013 (so far) nothing really new from the National People\u2019s Congress - China Research\" \/>\r\n<meta property=\"og:description\" content=\"China holds currently its annual big convention, the National People\u2019s Congress (NPC). The NPC is not a major policy or decision forum but it brings together around 3000 people from all over the country to single out the (economic) state of the country, the outlook for the current year and the strategies behind the plans, [&hellip;]\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/blogg.lnu.se\/china-research\/?p=2323\" \/>\r\n<meta property=\"og:site_name\" content=\"China Research\" \/>\r\n<meta property=\"article:published_time\" content=\"2017-03-06T07:39:13+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2017-03-06T08:32:35+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/image.lnu.se\/image.ashx?id=117818&amp;w=110\" \/>\r\n<meta name=\"author\" content=\"Hubert Fromlet, Kalmar\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hubert Fromlet, Kalmar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/?p=2323\",\"url\":\"https:\/\/blogg.lnu.se\/china-research\/?p=2323\",\"name\":\"China \u2013 (so far) nothing really new from the National People\u2019s Congress - China Research\",\"isPartOf\":{\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/#website\"},\"datePublished\":\"2017-03-06T07:39:13+00:00\",\"dateModified\":\"2017-03-06T08:32:35+00:00\",\"author\":{\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/#\/schema\/person\/7dbc3e79d44dfa0d6bb4e1f625ad2ae5\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/blogg.lnu.se\/china-research\/?p=2323\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/#website\",\"url\":\"https:\/\/blogg.lnu.se\/china-research\/\",\"name\":\"China Research\",\"description\":\"A discussion forum on emerging markets, mainly China  \u2013                                          from a macro, micro, institutional and corporate angle.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/blogg.lnu.se\/china-research\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/#\/schema\/person\/7dbc3e79d44dfa0d6bb4e1f625ad2ae5\",\"name\":\"Hubert Fromlet, Kalmar\",\"url\":\"https:\/\/blogg.lnu.se\/china-research\/?author=174\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"China \u2013 (so far) nothing really new from the National People\u2019s Congress - China Research","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blogg.lnu.se\/china-research\/?p=2323","og_locale":"en_US","og_type":"article","og_title":"China \u2013 (so far) nothing really new from the National People\u2019s Congress - China Research","og_description":"China holds currently its annual big convention, the National People\u2019s Congress (NPC). The NPC is not a major policy or decision forum but it brings together around 3000 people from all over the country to single out the (economic) state of the country, the outlook for the current year and the strategies behind the plans, [&hellip;]","og_url":"https:\/\/blogg.lnu.se\/china-research\/?p=2323","og_site_name":"China Research","article_published_time":"2017-03-06T07:39:13+00:00","article_modified_time":"2017-03-06T08:32:35+00:00","og_image":[{"url":"https:\/\/image.lnu.se\/image.ashx?id=117818&amp;w=110"}],"author":"Hubert Fromlet, Kalmar","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Hubert Fromlet, Kalmar","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/blogg.lnu.se\/china-research\/?p=2323","url":"https:\/\/blogg.lnu.se\/china-research\/?p=2323","name":"China \u2013 (so far) nothing really new from the National People\u2019s Congress - China Research","isPartOf":{"@id":"https:\/\/blogg.lnu.se\/china-research\/#website"},"datePublished":"2017-03-06T07:39:13+00:00","dateModified":"2017-03-06T08:32:35+00:00","author":{"@id":"https:\/\/blogg.lnu.se\/china-research\/#\/schema\/person\/7dbc3e79d44dfa0d6bb4e1f625ad2ae5"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blogg.lnu.se\/china-research\/?p=2323"]}]},{"@type":"WebSite","@id":"https:\/\/blogg.lnu.se\/china-research\/#website","url":"https:\/\/blogg.lnu.se\/china-research\/","name":"China Research","description":"A discussion forum on emerging markets, mainly China  \u2013                                          from a macro, micro, institutional and corporate angle.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blogg.lnu.se\/china-research\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/blogg.lnu.se\/china-research\/#\/schema\/person\/7dbc3e79d44dfa0d6bb4e1f625ad2ae5","name":"Hubert Fromlet, Kalmar","url":"https:\/\/blogg.lnu.se\/china-research\/?author=174"}]}},"_links":{"self":[{"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=\/wp\/v2\/posts\/2323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=\/wp\/v2\/users\/174"}],"replies":[{"embeddable":true,"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2323"}],"version-history":[{"count":8,"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=\/wp\/v2\/posts\/2323\/revisions"}],"predecessor-version":[{"id":2331,"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=\/wp\/v2\/posts\/2323\/revisions\/2331"}],"wp:attachment":[{"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}