Global Impact: China’s ‘two sessions’ may be over, but SVB, Aukus and Ukraine create uncertainty for Beijing

Global Impact is a weekly curated newsletter featuring a news topic originating in China with a significant macro impact for our newsreaders around the world

In this edition, we wrap up the events from the ‘two sessions’ and look ahead to what’s next after a busy few days of comings and goings in Beijing

Reading Time:6 minutes

In this edition, we wrap up the events from the ‘two sessions’ and look ahead to what’s next after a busy few days of comings and goings in Beijing. Photo: EPA-EFE

Published: 2:00pm, 21 Mar 2023

Global Impact is a weekly curated newsletter featuring a news topic originating in China with a significant macro impact for our newsreaders around the world. Sign up now!

Finally, the dust has settled on China’s “two sessions” for another year.

China’s National People’s Congress has confirmed a new government, with old hands retaining top posts within the central bank, finance ministry and other key economic agencies, including technology.

The team will support new Premier Li Qiang in ensuring a sustained recovery is the top priority on the economic agenda.

Li was quick to reassure entrepreneurs that the country would consistently support the private sector, while he also vowed to continue opening up.

04:53

Xi Jinping stresses party leadership as parliament draws to close

China also unveiled details of a plan to overhaul the Communist Party and state organs to strengthen the party’s control over finance and technology – the two sectors crucial for Beijing to ensure domestic stability and climb the tech ladder.