Economic Growth and Policy - China's GDP growth target for 2025 is a focal point, with the 2024 target achieved at around 5 percent, contributing approximately 30 percent to global economic growth [1] - The government plans to implement more targeted policies to stimulate economic activity, with a shift towards a "moderately loose" monetary policy after 14 years of a "prudent" approach [1][2] - Key priorities include boosting consumption, with plans for large-scale equipment upgrades and consumer goods trade-in programs [1] Technological Innovation and AI - The AI industry is expected to be a significant focus during the "two sessions," highlighted by the introduction of the open-source chatbot by DeepSeek, which has gained traction among major tech companies [1][2] - Provincial-level "two sessions" have seen discussions on AI-related plans, emphasizing innovation platforms and deeper industry integration [2] - The rise of AI innovations reflects China's strategic focus on technological advancements and talent cultivation [2] Foreign Policy and International Relations - The "two sessions" will provide insights into China's foreign policy, with the foreign minister expected to address various international issues [1] - Last year's press conference covered topics such as the Ukraine crisis and China's relations with major global powers [1] Interactions and Governance - The interactions between Chinese leaders and lawmakers during the "two sessions" serve as a window into grassroots realities and governance priorities [1] - President Xi Jinping's participation in discussions emphasizes support for the private sector and digital economy development [1]
Things to watch at China's 2025 "two sessions"--China Economic Net