Alexander Davey

Person

Last mentioned: Mar 3, 2026

Timeline

  1. Policy Endorsement

    Expected approval of the five-year plan focusing on high-tech industrial self-reliance.

  2. NPC Session Opens

    The National People's Congress convenes in Beijing to outline annual targets and the 2030 blueprint.

  3. Lunar New Year Deflation

    Spending data from Guangdong shows significant price cuts in consumer goods, signaling weak demand.

  4. 2025 Growth Target Met

    China reports 'around 5%' growth, though economists question data quality and export reliance.

Stories mentioning Alexander Davey 1

Economy Bearish

China’s High-Tech Ambitions Face Reality Check at National People’s Congress

As the National People's Congress convenes in Beijing, President Xi Jinping faces a widening gap between his high-tech industrial vision and a domestic economy hampered by a housing crisis and weak consumer demand. The 3,000 deputies are expected to set a 2026 growth target and endorse a critical five-year blueprint that will define China's economic trajectory through 2030.

2 sources