The US strategy of containment of China shows results as international markets no longer believe in the success of the Chinese economic model

The annual National People’s Congress (NPC), held on March 5, 2024, is a key event in China’s political life. This session is expected to mark the first report on the work of Prime Minister Li Keqiang’s government and announce the prospects for developing China’s economic policy for 2024.

Simultaneously, the Congress of the National People’s Political Consultative Conference of China is taking place, which is why this political event is called the “Two Sessions.”

Typically, the “Two Sessions” are viewed through the lens of routine predictability, and international markets largely overlooked the gathering due to unwavering confidence in the resilience and dynamism of the Chinese economy. This enduring confidence in China was the basis that encouraged steady flows of foreign investment into China.