1、2023 Two Sessions highlights Chinas emphasis on institutional reforms and holistic developmentWhat are the highlights of the Two Sessions?4Highlights of the NPC Standing Committee Work Report 5Highlights of the CPPCC National Committee and the Work Report 6Highlights of the Government Work Report7Wh

2、at are the implications for the economy and businesses?10Contacts15Chinas Two Sessions 2023,made up of simultaneous meetings by the National Peoples Congress(NPC)and the Chinese Peoples Political Consultative Conference(CPPCC),was held in Beijing following the election of members to the 14th NPC and

3、 CPPCC National Committee.Both meetings reviewed relevant reports and elected national leaders.The Chinese President,the Premier of the State Council,Chinas Central Government,and Chairmen of the countrys top legislative and political advisory bodies,the NPC and CPPCC,all welcomed new leaders while

4、several ministries also saw a change in leadership.As the pandemic ended and the economy gradually recovered,China entered a new stage of development in the spring of 2023.This years official GDP growth target is set at around 5%while the country pursues further reform and opening up.Institutional r

5、eforms to the Central Government and the State Council will greatly increase private and foreign-funded enterprises confidence in the sustained development of the Chinese economy.The State Council institutional reform plan highlights the countrys emphasis on technological innovation,financial regula

6、tion,and the digital economy.This will help promote the development of Chinas innovative economy,and create a more friendly external environment and efficient financing environment for enterprises engaged in innovation activities.At the same time,China will pay more attention to the development of t