The Intelligence from The Economist Systemic concerns: China’s party congress
May 22, 2020
Simon Rabinovich, Asia economics editor based in Shanghai, discusses how the National People's Congress signals a shift in Hong Kong's governance, potentially heightening tensions. David Smith, Argentina correspondent, delves into the country’s looming default and the impact of the pandemic on its economic struggles. Anne Rowe, Obituaries editor, remembers Yvonne Boland, a pioneering Irish poet who enriched the literary scene by merging everyday experiences with profound themes, challenging the norms of her time.
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China's Congress Amid Challenges
- China's National People's Congress convened despite the pandemic, signaling confidence.
- This year's Congress is significant due to the absence of a GDP target and new Hong Kong legislation.
Key Developments at the Congress
- Convening the National People's Congress signals that China believes it has contained the virus. Dropping the annual GDP target and introducing legislation targeting Hong Kong are other key developments.
Hong Kong's Diminishing Autonomy
- The proposed Hong Kong legislation limits the city's judicial independence, undermining the "one country, two systems" framework. This move is seen as a threat to Hong Kong's autonomy and freedoms.