From Scope Ratings:
China’s annual gathering of the National People’s Congress (NPC), which opened on Monday, reveals the nation’s policy direction in a number of rating-relevant areas. While meaningful economic and financial reforms are positive for the nearto medium-term outlook, Scope notes concern on the long-term implications of the continued centralisation of power.
Amid heightening tensions surrounding trade and investment relations between China and the United States, legislators and policymakers convened for the two-week gathering of the National People’s Congress in Beijing. While the gathering is better known as a formality to approve an already-set agenda, the revelation of key policy and personnel decisions makes it an important event to watch, critical for the outlook on China’s A+/Stable credit rating. Included, a new vice premier and central bank governor will be announced.
