Two Sessions: China Set to Reveal GDP Growth, Budget Deficit Targets for 2022

Thousands of lawmakers and political advisors from across the country are converging on Beijing this week for key meetings, known as the “Two Sessions,” that will map out the direction of China’s political, legislative and economic work over the coming year.

The National People’s Congress (NPC), China’s top legislature, will kick off its annual session on Saturday with Premier Li Keqiang delivering the government work report for 2022. The document will lay out China’s development priorities for the year including targets for GDP growth, employment, the fiscal deficit, local government special bond quotas and more. The annual session of the Chinese People’s Political Consultative Conference’s national committee, a political advisory body that puts forward proposals to the government, will start Friday.