China’s Parliament begins its annual meeting on Sunday amid further institutional restructuring

This Saturday begins the meeting of the National Committee of the Consultative Conference, the highest advisory body of the Government, at the beginning of the period of the “two sessions”

March 4 (EUROPA PRESS) –

The National People’s Congress, the highest legislative body in China, begins an annual meeting this coming Sunday in which it will approve a series of institutional restructuring with a view to granting the Communist Party even more direct control over certain sectors such as the economy or culture.

In addition to reviewing a series of reports, including an assessment of the government’s work, the deputies of the Chinese Parliament will deliberate on a draft amendment to the Legislation Law and the aforementioned initiative on the reform of the State Council institutions, has explained the spokesman for the session, Wang Chao, at a press conference this Saturday, reported by the official Chinese news agency Xinhua.

In the purely economic sphere, according to sources close to the initiative reported to the ‘Wall Street Journal’, Parliament will approve a new team specifically in charge of making policies to accelerate the growth of the second largest economy in the world.

Specifically, this team will try to allay concerns among business leaders about government support for the housing market and the decline seen in the technology industry, accentuated by a regulatory crackdown.

The session will conclude on March 13, Monday, according to the spokesperson.

This Saturday begins, for its part, the annual session of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), the highest political advisory body in the country, which will probably conclude with the appointment of a new top official.