Eurasia Group's Shen on China's NPC

The video discusses China's economic growth targets, highlighting a 5.5% target as a signal of policy direction. It explores the likelihood of stimulus measures, given the economic recovery in 2023. The demographic challenges, including a shrinking workforce, are addressed with potential policy reforms. The ongoing tech rivalry between China and the US is examined, with a focus on domestic reforms to enhance tech capabilities and reduce reliance on Western technology.

What does a Chinese economic growth target above 5.5% indicate?

• An ambitious economic recovery

• A decrease in infrastructure spending

• A conservative economic approach

• A focus on reducing inflation

Why is a large economic stimulus considered unlikely in China for the current year?

• The economic activity in 2022 was very high

• The recovery momentum is already strong

• The government is focusing on tax cuts

• There is a lack of available funds

What demographic issue is China currently facing?

• An aging population with no policy response

• An increase in birth rates

• A shrinking workforce

• A surplus of young workers

What is one of the main focuses of China's institutional reform in response to tech rivalry?

• Enhancing technology supervision

• Expanding tourism

• Increasing agricultural output

• Reducing military spending

What is China's long-term goal in terms of technology according to the discussed reforms?

• To achieve self-reliance in critical technology

• To reduce investment in technology

• To increase reliance on Western technology

• To focus solely on consumer electronics