{"id":12064,"date":"2023-03-31T12:30:16","date_gmt":"2023-03-31T12:30:16","guid":{"rendered":"https:\/\/focus.cbbc.org\/?p=12064"},"modified":"2023-04-03T20:45:18","modified_gmt":"2023-04-03T20:45:18","slug":"themes-and-insights-from-the-2023-two-sessions","status":"publish","type":"post","link":"https:\/\/focus.cbbc.org\/themes-and-insights-from-the-2023-two-sessions\/","title":{"rendered":"Themes and Insights from the 2023 \u201cTwo Sessions\u201d"},"content":{"rendered":"

Despite their largely pre-orchestrated nature, the so-called \u201cTwo Sessions\u201d or lianghui<\/em> (\u4e24\u4f1a) still shed valuable light on the priorities, intentions, and preoccupations of the Chinese Communist Party (CCP). CBBC\u2019s Senior China Policy Analyst<\/strong>, Kenrick Davis<\/strong>, picks out four main themes from the Two Sessions and their implications for business<\/h2>\n

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Theme 1: Consumption<\/h4>\n

If the popular Chinese expression \u201cimportant things must be said three times\u201d is to be taken literally, then consumption is tremendously important this year. Since December, the Chinese Communist Party (CCP) has repeatedly iterated the idea that consumption \u2013 as opposed to just investment \u2013 needs to be a strong growth driver in 2023. From the start of the year, local governments, banks, and companies have taken the hint by offering subsidies, discounts and beneficial policies to consumers and businesses, and this top-line message was again spelled out at the Two Sessions.<\/p>\n