From unveiling the annual economic growth target to addressing demographic changes and high unemployment, China’s leadership is looking to instil confidence during the days-long assembly that will introduce new economic regulators.
The Chinese leadership has decided to focus on ensuring stable economic growth in 2023 by prioritizing the recovery and expansion of consumption, state-run media said Friday, as the world's second-largest economy has been slowing amid the COVID-19 pandemic.
While analysts say the risks of further market upheaval remain high, drastic fluctuations this week are seen as an ‘extreme’ reaction to China’s leadership reshuffle.