The National People's Congress, which decides important policies in China, will start in Beijing on the 5th.
While the economic slowdown continues due to the influence of the "Zero Corona" policy that thoroughly suppresses the infection of the new coronavirus, the focus is on how to set the target of economic growth rate, and it is the third term that is unusual as the top of the party. As President Xi Jinping, who is aiming to enter the market, he would like to emphasize his achievements so far and further strengthen his power base.
China's National People's Congress will be held at the Great Hall of the People in Beijing from the 5th, with the attendance of President Xi Jinping, members of the highest leadership of the Communist Party, and representatives from various regions.
On the 5th of the first day, Prime Minister Li Keqiang will report on government activities and is expected to appeal that the Beijing Olympics have been successful even as the spread of the new coronavirus continues to spread in each country.
On the other hand, in China, the economic slowdown continues due to the stagnation of personal consumption due to the influence of the "Zero Corona" policy that thoroughly suppresses infection, and the focus is on how to set the target of this year's economic growth rate. ..
In addition, while it has been pointed out that Russia's military invasion of Ukraine may affect the situation surrounding Taiwan, the budget plan announced on the 5th also clarified defense spending, and the trend is also drawing attention. increase.
In the latter half of this year, as President Xi, who is aiming to enter the unusual third term as the party's top, ahead of the Communist Party Congress once every five years, he emphasized his achievements so far in the NPC from the 5th and his own power. It seems that we want to further strengthen the foundation.
Focus on setting economic growth rate
Among the important policies discussed in the NPC this year, the focus on the economic sector is how the Chinese government sets economic growth targets.
In the Chinese economy, the movement of people is restricted by the "Zero Corona" policy that thoroughly suppresses infection, personal consumption is stagnant, and the real estate market is as symbolized by the management problems of the real estate giant "Evergrande Group". The economic slowdown continues due to the deterioration.
For this reason, the IMF = International Monetary Fund predicts that China's growth rate for this year will remain at + 4.8% in the latest outlook.
On the other hand, Chinese economists and others have indicated that the government will set a growth rate target of 5% or more, but it is also pointed out that it is not easy to achieve.
Xi Jinping's leadership seems to want to recover the economy and strengthen the power base for the Communist Party Congress, which will be held in the second half of the year, and how to set the growth rate target that is the premise of the government's economic policy. The focus.
On top of that, attention will be paid to the scale of fiscal spending to stimulate the economy, policies for the real estate market, and what kind of policies will be shown regarding measures against the new coronavirus.