Paul Tsai China Center's Horsley on China NPC Two Sessions

The transcript discusses a work report from the Premier League, highlighting a 5% GDP growth target and its implications for economic reforms. It addresses leadership changes, particularly the rise of Li Qiang, and concerns about the shift from experienced economists to 'yes men.' The transcript also covers institutional restructuring, with financial institutions being absorbed into the party, raising concerns about professionalism and autonomy. The discussion concludes with the potential impact on international perceptions and the need to wait and see how these changes play out.

How does the American business community view the new premier, Lee Chong?

In what ways might the party's increased control affect foreign confidence in China's economic policies?

What are the potential consequences of the party absorbing more state functions?