At the long-delayed National People’s Congress (NPC), China’s leadership presented its vision for the country for 2020 and beyond. The ruling party announced plans to navigate the country out of the COVID-19 crisis, addressing the daunting challenge of reviving a sluggish economy and tackling high levels of unemployment in an uncertain international environment, while also preventing a second wave of infections. In a marked departure from previous years, the economic policies presented emphasised stability rather than growth with the country abandoning its annual GDP target for the first time since its introduction in 1985.
In light of these developments, the panel will discuss China’s economic future in a COVID-affected world. What are China’s plans to revive the economy as it seeks to move beyond the COVID-19 crisis? How does the party hope to address challenges around rising unemployment and growing inequalities? And what are the implications of these plans for China’s future international role in a COVID-affected global economy?
This event is part of a fortnightly series of ‘Business in Focus’ webinars reflecting on the impact of COVID-19 on areas of particular professional interest for our corporate members and giving circles.
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Weijian Shan, Chairman and CEO, PAG; Author, Out of the Gobi: My Story of China and America (2019) and Money Games (2020)
Chair: Dr Yu Jie, Senior Research Fellow on China, Asia-Pacific Programme, Chatham House