Two Sessions

The country's gross domestic product or GDP increased 4.5% year-on-year in the July to September period, up from 4.3% in the previous quarter.

This means that the Chinese economy is currently on track to achieve the 2026 GDP growth target of 4.5% to 5% set out at the two sessions in March.

At the same time, the GDP growth figure alone provides limited insights into how China's economy is performing.

Hard GDP targets are no longer an effective way to measure China's economic development, as the country is in the process of transitioning to a growth model predicted on quality rather than quantity.

But for 2027, we have it slowing down a notch, so to about 4.4%.

So I think a lot of it obviously depends on what is announced during the two sessions next year, but we might very well get a target range forecast again.

But I think we have move past the years of 5% growth, right? There's a lot of uncertainty in the external environment.

I think the central government these days is more willing to accept a lower growth for quality, more sustainable growth.

Two sessions China.

Uh, two sessions takes place during, uh, March.

So that China's two sessions, Lianghui, are the concurrent annual plenary meetings of the National People's Congress, NPC, and the Chinese People's Political Consultative Conference, CPPCC, held each March.

Uh, what political, what political gathering happens in Beijing in November? That's the one.

And that would be, that's the party, uh, meeting, I think.

These, in tandem with other representatives, non-political representatives, strong political from across the spectrum are brought together into mechanisms like the Chinese People's Political Consultative Conference, which runs alongside the annual National People's Congress.

These constitute the two sessions where we see this broad-based popular consultation mechanism that is supplementing and reinforcing, deepening the legislative work That has been done in the NPC as a representative of the overall interest and well-being of the Chinese people.

Now,

in addition to this, I think that we might point to other mechanisms.