Everything You Need To Know About China's "Two Sessions" National People's Congress

China’s NPC (National People’s Congress) revealed the 2025 Government Work Report today. The Politburo announced that it is setting its economic growth target for 2025 at 5%, and its CPI inflation target at 2%. No surprises there; where there was a surprise is that the fiscal deficit will widen to around 4% of GDP, which is the largest in over 30 years