The National People’s Congress (NPC), China’s unicameral parliament, convened last Saturday to kick off its annual meeting which runs until March 16th. It’s a lot of pomp and circumstance, with the NPC widely dismissed as a “rubber stamp” parliamentary for the Chinese Communist Party.

Nevertheless, the meetings offer valuable insight into the Chinese government’s priorities and ambitions for the year, many of which shape the country’s business environment. This year’s gathering is especially important as delegates will draft and complete China’s 13th Five Year Plan.

Unsurprisingly, Premier Li Keqiang’s annual work report underlined the government’s continued commitment to  “innovation-driven development”, in the form of investment, tech and innovation hubs, and “platforms…for crowd innovation, crowd support, crowdsourcing, and crowdfunding.” Other buzzwords, like the sharing economy, internet-of-things, and big data, were also scattered throughout the report.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Eva Xiao

Eva Xiao is a tech reporter based in Shanghai. Contact her at eva.xiao@technode.com or evawxiao (wechat & twitter).