Chinese President Xi Jinping presided over the closing ceremony of the third session of the 14th National People's Congress (NPC), China's national legislature, in Beijing on Tuesday. The event marked the conclusion of a critical annual legislative meeting that shapes the nation's policy agenda and economic priorities.
The NPC session, attended by nearly 3,000 delegates, reviewed progress on key initiatives ranging from technological innovation to rural revitalization. Analysts highlight this year's focus on stabilizing economic growth amid global headwinds, with the legislature approving a 5% GDP growth target and increased support for green energy transitions.
President Xi, who also serves as General Secretary of the Communist Party of China Central Committee, emphasized the importance of 'high-quality development' during the session. The meeting finalized several legislative measures aimed at enhancing market confidence and addressing domestic challenges, including updated regulations for cross-border data security and foreign investment facilitation.
The outcomes of this session are expected to influence business strategies across Asia, particularly in sectors like renewable energy and advanced manufacturing. International observers will be closely monitoring implementation of the announced policies as China continues to play a pivotal role in regional economic stability.
