The paramilitary police marched outside the hall before the end of the Chinese People’s Political Consultative Conference (CPCC) held in Beijing on March 12, 2009 in Tiananmen Square.
Peter Park | AFP | Getty Images
Chinese leadership will begin at an annual parliamentary gathering on Tuesday, outlining economic measures aimed at achieving its expected growth target of 5%, even if the tariff threat from U.S. looms.
Thousands of representatives across the country Gathered in Beijing to participate in the country’s largest political event of the year, known as the “two conferences.”
The highly anticipated event consists of two parallel meetings, which will be held at the Hall of the People’s Hall of Beijing, which begins with the Political Advisory Meeting of the Chinese People, the highest advisory body at local time, at 3 p.m. local time (2 a.m. ET).
At the opening ceremony, CPPCC members will review and approve the agenda of the upcoming meeting and hear the work report of the Chairman of the Committee Wang Huning.
The National People’s Congress is scheduled to open on Wednesday.
As part of the NPC meeting, investors will closely monitor the government work report released by Chinese Prime Minister Li Qiang on Wednesday, and policymakers are expected to set the country’s economic growth target at “about 5%” while raising the fiscal budget target to 4% of GDP last year, which was 3% last year.
Leaders are also expected to lower their annual consumer price inflation target to around 2%, the lowest level in two decades.
The week-long event will end on March 10, followed by a press conference with the foreign minister and head of the economic sector.
The meeting coincides with plans from U.S. President Donald Trump to increase new tariffs on Chinese imports to 20%, starting Tuesday, which is the country’s role in fentanyl flows.
Tuesday, Ministry of Commerce Reiterate Beijing’s “firm rejection” Additional tariffs and vows to take countermeasures, the second day of the Chinese state-backed media Global Times Officials are considering retaliation for tariffs About U.S. agriculture and food.
