China's NPC Opens Annual Session
Analysis based on 11 articles · First reported Mar 05, 2026 · Last updated Mar 05, 2026
The session of the China===National People s Congress in China is crucial for financial markets as it sets the economic and social development agenda for the coming years, including the 15th Five-Year Plan. Decisions made regarding budgets and new laws will directly influence investment climate and economic growth in China.
The 14th China===National People s Congress (NPC), China's national legislature, opened its fourth session in Beijing on March 5, 2026. Chinese President Xi Jinping and Premier Li Qiang were present, with Li Qiang delivering a government work report. The session, scheduled to run until March 12, will involve NPC deputies deliberating on the government's work report, examining the draft outline of the 15th Five-Year Plan (2026-2030) for national economic and social development, and reviewing reports on the implementation of the 2025 plan and the 2026 draft plan. They will also examine central and local budgets for 2025 and 2026, and deliberate on several draft laws, including an environmental code and a law on national development planning. This annual session is a key event for setting China's policy direction.
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