Posted 3/4/2024, 12:16:52 AM
China's Rubber-Stamp Parliament Convenes Amid Economic Struggles
- Nearly 3,000 delegates gather to rubber stamp decisions made behind closed doors, but speeches may signal policy changes to address economic issues
- China faces economic challenges including real estate crisis, high debt limiting infrastructure spending, and high graduate unemployment
- Phrase "new productive forces" refers to technological innovation, but may take time to boost economy focused on property and infrastructure
- Highly choreographed event with screened questions limits candor, but policy developments may emerge to address economic struggles
- Article questions if rubber stamp parliament can help China's economy facing property bubble, local debt, unemployment, and need for high-tech growth