China Drop-In: 2025 NPC – Setting policy goals in a trickier global environment

The annual National People’s Congress (NPC) is taking place against a difficult backdrop for China’s economy; stimulus efforts are failing to stabilise activity, even as the Trump administration has started raising barriers further to Chinese goods imports. How far will the leadership’s 2025 policy priorities address these challenges and what outcomes should investors expect from the economy and financial markets?

Join our China team on the first day of the NPC for a briefing all about the economic and policy outlook for 2025. During this 20-minute session, our economists will highlight key takeaways from the newly published government work reports, answer your questions and address key issues, including: 

• What 2025's official growth and spending targets say about government priorities;
• How US-China relations will progress as Trump tightens restrictions and Beijing calibrates its response;
• How China’s limited reform progress makes a painful adjustment more likely.