A meeting of some of China’s most senior politicians at the end of April 2023 concluded with a fairly cautious assessment of the country’s economic recovery. Things are improving, they said, but domestic demand needs to improve.
The meeting in Beijing, headed by President Xi Jinping, was a review of China’s first-quarter economic performance and set the tone for how the Communist Party will respond. On this occasion, the key message was the need for a return to pro-growth policies.
Those policies, which will have enormous impact across the world, will be worked out over the coming months and years in a political system which can appear fairly bewildering to outsiders.
