China's National People's Congress
Every year, the National People's Congress convenes in Beijing, where expectations are set for China's government policy for the year. This year's gathering will be watched closely by the world, as new leaders Xi Jinping and Li Keqiang prepare to take the reins and the world's second-biggest economy emerges from a global slowdown.
The ranks of China’s ultra-wealthy in its legislature swelled 20 percent this year, highlighting the vested interests that may oppose any measures by incoming President Xi Jinping to reduce the nation’s wealth gap.
China is pressuring bureaucrats to buy locally branded cars to help domestic automakers and cut lavish spending of taxpayers’ money. That’s unless you are a high-level government official with an Audi A6L.
Chinese Premier Wen Jiabao said the nation lacks a sustainable growth model and faces mounting "social problems," as he ends a decade in power that saw the economy grow fourfold to be the world's second largest.
China’s push to boost its defense capability has become a key to maintaining peace in Asia and stems from years of bullying at the hands of others, a spokeswoman for the country’s legislature told a briefing today.
China may hold off tightening monetary policy after growth in services and manufacturing weakened, underscoring challenges for the nation’s leaders as they open the annual session of parliament tomorrow.
China is poised to complete a once- in-a-decade leadership handover in the next two weeks, as pressure rises on Xi Jinping and Li Keqiang to add specifics to pledges to rein in corruption and address income imbalances.
Almost half of China’s provinces are setting their growth sights lower in the wake of the central government’s emphasis on the quality of expansion over speed, a sign of an increased focus on tackling rising debt.
Kong Guoqing hasn’t seen a quieter Chinese New Year in the 12 years his family has been running their small liquor and tobacco shop in downtown Shanghai.
They didn’t sell a single bottle of the high-end spirit made by Kweichow Moutai that has become synonymous with banquets and gift-giving during China’s national holiday.