Opinion | Why Beijing must be more consistent if its ambitious new policies are to succeed
- To restore business battered confidence, policymakers must created favourable environment in the long term
- After years of unpredictable measures, business leaders will wait for meaningful action to accompany government promises
One of the main storylines at the National People’s Congress (NPC) under way in Beijing is economic recovery and risk management, as China tries to recover from three years of extreme Covid control measures.
02:52
China's 'two sessions': Premier Li Keqiang emphasises achievements, economy in final work report
Still, there were clues in the report about what measures Beijing is planning to take to help China’s hammered economy rebound.
The priorities range from supporting technology and research, attracting foreign investment, controlling financial risks, and creating jobs, to increasing grain production and improving public welfare such as healthcare services.
But the most noteworthy statement in the report was a pledge to support the private sector.
Li said the party would support private enterprise and create a level playing field for business, with a promise to protect the rights of the sector.