China Shocks Economy and People by Canceling Premier's Annual Press Conference
China's Premier Li Qiang's surprise absence from the traditional press conference during the "Two Sessions" annual gathering has raised concerns among investors amid the country's post-pandemic economic slowdown. This move, unprecedented in over three decades, comes as China's top advisory body and legislature set state and spending priorities for the next few years. With declining foreign investment, concerns over transparency, and a slowing housing market, some experts advise against investing in China. The Two Sessions are closely watched for signals on Beijing's power dynamics and economic strategies, with Premier Li announcing a GDP growth target of around 5 percent for the coming year.
