China Premier Skips Traditional Press Conference, Sparking Economic Transparency Concerns

China's Premier Li Qiang skipped a traditional press conference during the annual Two Sessions political meetings, marking the first time in over 30 years the premier has not taken questions.

Li's absence sent a worrying signal to investors already concerned about China's slowing economy and lack of transparency.

In lieu of Li's press conference, Chinese ministers will hold briefings to accommodate media questions.

China's appeal as an investment destination has declined due to slowing growth, IP theft concerns, and a lack of economic transparency.

The Two Sessions meetings are seen as an important indicator of trends in China's opaque government, with observers looking for signs of economic policy shifts.