The economic plans that have been detailed at the National People’s Congress signal that China’s leadership is expecting much weaker growth this year than the relatively upbeat GDP growth target might suggest. However, it does not appear that policy will be eased significantly. Meanwhile, there are hints that the state intends to take a larger role in the property sector, some new support for larger families and what appears to be a slight downgrading of environmental goals in the face of economic headwinds.
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