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March 18th, 2021

The National People’s Congress (usually abbreviated NPC), is the highest organ of state power and the national legislature of the People’s Republic of China. The NPC meets in full session for roughly two week each year and votes on important pieces of legislation. NPC annual meetings provide an opportunity for the officers of state to review past policies and to present future plan to the nation.

The 13th NPC of this year is due to define the next Five Year Plan (usually abbreviated FYP) in terms of goals to achieve economically but also socially. It was held from the 5th to the 11th of March

What does this 13th NPC include ?

1) Key social/economic targets
2) About China/Hong Kong relationship
3) Foreign affairs
Business perspectives :

The economic outlook set by China at the 13th National People’s Congress is very positive with a focus on the innovation and technology sector as well as green tech. The tax breaks for foreign companies also demonstrate China’s willingness to welcome more FDI in order to boost its domestic market, one of Beijing’s priorities for the next 5 years.

Contact our Teams in China