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Chinese People’s Political Consultative Conference (CPPCC)i

The Chinese People’s Political Consultative Conference (CPPCC) is China’s top political advisory body. China's Communist Party has about two-thirds of the seats. The CPPCC national committee holds an annual meeting about the same time as plenary sessions of the National People's Congress (NPC). This joint meeting is known as the 'Two Sessions'.

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The agenda for this year’s meetings of China’s political and legislative bodies will reflect extraordinary times, from Russia’s war in Ukraine to planning economic recovery and dealing with an ageing society.

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Beijing’s overhaul of the local election system is ruthless, but given the intransigence and fanaticism of the opposition and anti-government movement shown in 2019, it has no other choice if Hong Kong is to remain governable.

  • Shi Taifeng, member of party’s top policymaking body, addressed event in Beijing marking what would have been businessman’s 100th birthday
  • Henry Fok was regarded as trusted confidant of many Chinese leaders and helped draft Basic Law, Hong Kong’s mini-constitution

New line-up for Central Leading Group of Hong Kong and Macau Works to ensure ‘close eye on security aspects’ in both cities, while focusing on development.

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Chengdu’s subsidies reflect a broader trend among local governments across China to pursue programmes that support Beijing’s semiconductor self-sufficiency drive.

A widening population imbalance continues to plague China, but this year’s government work report did not offer much detail about how the dilemma will be addressed, raising concerns.

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The proposals from delegates to China’s annual parliamentary meetings highlight the growing concerns in the country over increased US pressure on its semiconductor industry.

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For China, the task of boosting the private economy will be divided into more detailed plans and be allocated to specific government agencies for implementation after the ongoing ‘two sessions’ parliamentary meetings.

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The undervaluation of state-owned enterprises risks eroding their ability to raise funds via the markets, which in turn destabilises the economy, says general manager of Shanghai bourse.

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China’s universities and colleges are urged to fall in line with national childbirth policy direction, but some demographers warn against encouraging or discouraging students in family planning.

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Some of China’s biggest real estate moguls, saddled with billions of dollars of unpaid debts, may get the chance to plead for breathing space and friendlier property policies in the Great Hall of the People this weekend.

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Three long years of business closures, supply-chain disruptions and revenue losses have hurt enthusiasm in the private sector, and delegates from across China are addressing it in droves.

Hong Kong and Macau Affairs Office director Xia Baolong also tells Hong Kong delegates to promote implementation of ‘one country, two systems’ principle.

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Will there be good news from the ‘two sessions’ this weekend? Market history suggests stock investors will be rewarded by taking actions only after the meetings are concluded.

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