The US-China Podcast
Perspectives on 2024’s Two Sessions
Mar 19, 2024
Delve into China's Two Sessions of 2024 discussing economic goals, cancellation of Prime Minister's press conference, emphasis on high-quality growth and tech self-reliance. Explore leadership succession and power struggles in Chinese politics, with a focus on foreign policy strategies and relationships with Russia.
32:07
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Quick takeaways
- The Two Sessions in China serve as a platform for signaling new policy directions rather than extensive policy discussion, indicating a ritual of legitimacy within the political system.
- China's economic focus during the Two Sessions includes an ambitious GDP growth target, stimulus measures like a $1 trillion national bond issue, and an emphasis on boosting productivity in high-tech and manufacturing sectors.
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Significance of China's Two Sessions
The annual two sessions in China, comprising the National People's Congress and the consultative Congress, serve as a platform for signaling new policy directions rather than extensive policy discussion. Through these meetings, signals about upcoming policy shifts are conveyed, indicating a ritual of legitimacy within the broader political system.
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