National People's Congress Meeting

I shall use this page to distribute the government work report, budget report and planning report as they become available to me. Check for regular updates!

Here is my Live Twitter feed on the Government Work report by Li Keqiang

Bert Hofman（郝福满） @berthofmanecon

It is #lianghui day, or in other words, the opening session of #China's National People's Congress (#NPC). Later today I will be live tweeting premier Li Keqiang's government work report and commenting on it along the way.

And here is the link (through linkedin) of the government work report (Thanks to Cindy Huigen of the Telegraaf):

government work report

In Chinese (Thanks Wall Street Journal):

government work report Chinese

The Government Planning Report (Thanks to Tom Hancock of Bloomberg):

government planning report

In Chinese (Thanks Wall Street Journal)

government planning report Chinese

And the Government Budget Report (also via Tom Hancock):

government budget report

In Chinese (thanks Wall Street Journal):

budget report Chinese

Damien Ma has a live tweet of NPC and the aftermath. Lots of atmospherics (no doubt in part induced by the scotch on the side).

Damien Ma @damienics

Ok, live tweeting of NPC SOTU starts in about half an hour. Depending on how many "rejuvenations" are in the speech, the tweets might get progressively sloppier and weirder... #ChinaSOTU

Main targets from Government work report, planning report and budget report:

Useful thread on NPC thus far:

Eunice Yoon @onlyyoontv

#China Premier unveils 2023 targets at National People’s Congress. Sees steady recovery after #COVID19 “victory”. GDP growth: around 5% CPI: around 3% Deficit to GDP ratio: 3% Urban jobs: around 12mln DATES Mar 5: open Mar 10: President named Mar 11: Premier named Mar 13: close

Bloomberg report on reorganization of Financial Supervision and cut in central government staff.

Bloomberg Asia @BloombergAsia

China is setting up an enlarged national financial regulatory authority, in a move to strengthen the Communist Party’s leadership in its $60 trillion financial system and keep risks in check

trib.alBloomberg - Are you a robot?

The move towards integrated supervision has been common in many countries (the US being the odd country out). But why not include the capital market supervisor? Also, the prospective cut in central ministries’ staff further hollows out their policy making and supervisory capacity.

The (Draft) State Council Reform Plan. Google Translation.

State Council Reform Plan 2023

In Chinese (thanks to GingerRiver)

State Council (draft) Reform Plan 2023 Chinese

For Comparison: The 2018 State Council Reform Plan:

State Council Reform Plan 2018

FM Qin Gang Media Briefing on CGTN

FM Qin Gang Video

FM Qin Gang Media Briefing Highlights