Policy Insights

Advocacy

Behind the GDP Headline: China’s Mixed Economic Recovery

China’s economy expanded by 3.2% year-on-year in the second quarter, according to official data released Thursday morning, on the back of a historic contraction in the first three months of the year as the country battled with the economic impact of COVID-19. The growth rate beat many analysts’ expectations. A poll of economists conducted by Reuters forecast GDP to grow by 2.5%, while a similar poll by Caixin predicted a growth rate of 2.9%.

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Advocacy

The 2020 Foreign Investment Negative List: Changes and Challenges

In this year's update to the Foreign Investment Negative List, the government has cited both the impact of COVID-19 on the economy and long-term plans to reform the business environment for foreign companies as the main impetuses for opening up more sectors to foreign investment. It remains to be seen, however, if foreign businesses feel it is the right time to enter a new market in the face of significant global uncertainty and a challenging business environment in China.

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Advocacy

What does the Government Work Report 2020 mean for British businesses?

Premier Li Keqiang outlined the Chinese government's key priorities for 2020 in his presentation of the Government Work Report this morning. The report put an end to weeks of speculation about whether or not GDP growth targets would be abandoned, but on the whole, government policy this year should largely benefit British businesses in China, as long as they are accompanied by consistent and rigorous implementation.

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Advocacy

China’s Two Sessions 2020 – What to look out for [Policy Insights]

China’s annual parliamentary meetings, known as the Two Sessions or Lianghui, are set to convene on 21st and 22nd May. The meetings of the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC) set out the government’s economic and social agenda for the coming year, as well as its yearly growth targets.

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