What to Expect At China’s ‘Two Sessions’

The 2021 Two Sessions mark the commencement of China's 14th Five-Year Plan and the Communist Party's centennial, serving as the primary venue for outlining a shift toward domestic consumption, technological self-reliance, and environmental sustainability. While Goldman Sachs anticipates that the government may forgo a specific numeric GDP target to avoid overstimulation, the event will instead prioritize key metrics on inflation, employment, and the implementation of normalizing fiscal and monetary policies. These deliberations set the strategic framework for balancing economic resilience with long-term goals such as carbon neutrality and reduced reliance on external markets.