CHINA WEEK: What does new 2023 growth targets signal about Xi’s priorities

CHINA WEEK: What does new 2023 growth targets signal about Xi’s priorities

China’s top legislature, the National People’s Congress (NPC), opened its annual meeting yesterday. The main highlight was the presentation of the new work report by outgoing Premier Li Keqiang which sets the 2023 fiscal targets for the Chinese economy. Later this week, Xi Jinping is expected to further consolidate his power with several high-profile appointments including the new Premier, vice-premiers, and the new governor of the central bank.