Illustration: Lau Ka-kuen
China’s ‘two sessions’: an economic watershed or just more of the same?
- Future of the economy to be prime topic at meetings of the National People’s Congress and Chinese People’s Political Consultative Conference
- Some 3,000 of China’s most powerful officials and political elite will gather in Beijing over the next two weeks amid the backdrop of the US-China trade war
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Two Sessions 2019 (Lianghui)
Illustration: Lau Ka-kuen
If a deal is to be reached, its enforcement is likely to be “painful”, experts said, given the lack of transparency of the Chinese economy, and Beijing’s history of not following through on previous pledges. Photo: AFP
‘Painful’ enforcement ahead for China if trade war deal is reached with US insisting on unilateral terms
- China is said to favour a traditional trade arbitration system, in the style of those used at the World Trade Organisation
- The US reportedly wants a unilateral snapback system, which would allow it to periodically review whether China is upholding its side of any deal
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US-China trade war
If a deal is to be reached, its enforcement is likely to be “painful”, experts said, given the lack of transparency of the Chinese economy, and Beijing’s history of not following through on previous pledges. Photo: AFP