China's ceremonial national legislature is set to convene in Beijing, with a primary focus on addressing the challenges posed by the country's slowing economy. The ruling Communist Party faces the daunting task of steering the economy towards sustained growth amidst various obstacles.
Despite hopes for a robust consumer-led recovery post anti-virus controls, the economy has not rebounded as expected. Local governments are burdened with significant debt, and foreign direct investment in China plummeted by about 80% last year.
