APCO National People’s Congress Analysis

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APCO invites you to take a look at our analysis of China’s recently concluded liang hui, the annual meetings of the National People’s Congress and the Chinese People’s Consultative Congress.

Although few new policies were announced, the NPC meetings were an important event for the leadership to reaffirm existing policy priorities for 2015 and beyond. The priorities for 2015 include SOE reform, legal reform, expanding the use of private investment, and financial reform. To carry out reforms, the central government has been increasing coordination with local governments as a first step toward standardizing local rules. Foreign investors should not expect any significant improvements in the business environment in the short term, and might even see more difficulties in approvals and fewer investment incentives offered by local governments.

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