Wang Tao: NPC Meeting Likely to Prioritize Stabilizing Growth

Mon, 24 Feb 2025 11:34:25 GMT

Great Hall of the People in Beijing. Photo: Xinhua We expect the upcoming National People’s Congress (NPC) meeting starting on March 5 to follow the policy stances set in the Central Economic Work Conference (CEWC) last December and set the annual GDP growth target at “around 5%” again to anchor expectations. This looks ambitious given the lingering growth headwinds and uncertainties. The meeting is likely to prioritize stabilizing growth and emphasize boosting domestic demand with more supportive macro policies, with reviving household consumption listed as a top task.

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