The “Two Sessions” is the annual meeting of the two major political bodies of China, the National People’s Congress (NPC) and the National Committee of the Chinese People’s Political Consultative Conference (CPPCC). This meeting reveals China’s policy plans for the year, providing a valuable insight for foreign business to be able to determine their next steps in the China market.

Analysing the Premier’s report, Xi’s keynote speech and the various policy proposals across the “Two Sessions”, the British Chamber in China presents you with the key takeaways from the 2023 “Two Sessions” including implications this may have for British business in China.

At a macro-level, there were three key phrases that came out of this year’s Two Sessions – and we can expect to see these driving decision-making and policy direction in the year to come. 

In comparison to previous years, the 2023 “Two Sessions” has delivered more all-encompassing and interconnected proposals directed at stimulating investment and driving confidence in the Chinese market. This follows the moderate GDP target for 2023 in demonstrating that China is prioritising sustainable recovery and controlling risks, in the name of a stable, investable Chinese market. Although the government appears to be answering some business concerns, worries over the geopolitical situation and consequences on the global value chain have not been alleviated. 

Even though the “Two Sessions” have concluded, the details of many of these policies are still to be ironed out. The British Chambers of Commerce in China will continue to provide information and insight each step of the way.

If you are interested in understanding more about how the British Chamber of Commerce in China can support you and your business in the China market, please email:
mavis.yang@britchamswchina.org or advocacy@britishchamber.cn