China Sets Economic Focus at 'Two Sessions' Amid Challenges

As China's annual political meetings commence, delegates prioritize economic revitalization and national security, with a cautious approach to reforms.

• China's 'two sessions' meetings focus on economic revitalization and maintaining Hong Kong's uniqueness to aid global expansion of mainland companies.
• Delegates propose raising duty-free shopping limits and streamlining stock exchange processes to boost Hong Kong's competitiveness.
• Economic analysts predict challenges in achieving China's 5% GDP growth target for 2024, amidst global economic pressures and domestic challenges.
• China's parliament expected to unveil moderate stimulus plans, with emphasis on technological innovation and support for the property sector.
• National security remains a priority, influencing economic policies and the approach to reforms.

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