As China prepares for its annual legislative sessions, the methods used last year to prop up economic growth appear less reliable than before, prompting calls for a large-scale re-evaluation of policies and prospects.
The Central Financial Commission has vowed to keep policies in line with international rules and avoid jarring turns in regulation in an attempt to reverse or mitigate 2023’s precipitous drops in stock value and foreign investment.
China has spotlighted what it calls ‘new productive forces’ as the key to future growth, repackaging the familiar desire for home-grown innovation and technological development with new rhetoric laying responsibility for economic health at certain sectors’ feet.