China Prepares for ‘Unpredictable’ Year Ahead at Subdued Annual Parliament
If last year was the Xi Jinping show, the 2019 National People’s Congress (NPC) — China’s annual rubberstamp parliament — has been all about the economy.
Twelve months have past since Xi’s coronation as China’s most powerful leader since Mao Zedong at last year’s NPC, when presidential term limits were officially scrapped and Xi’s eponymous political thought enshrined in the Chinese Communist Party (CCP) charter. By comparison, this year’s NPC, which opened Tuesday, had a markedly less triumphant feel.
It’s hardly surprising. Growth had slipped to its slowest rate in 28 years while crucial exports have also shrunk. Xi’s signature Belt and Road Initiative — a Beijing-bankrolled trade and infrastructure network tracing the ancient Silk Road — has encountered opposition from Hanoi to Madrid. Governments around the world are raising concern about China’s tech ambitions, particularly security concerns regarding 5G rollout.
Premier Li Keqiang sounded a cautionary note during Tuesday’s Wor..