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NEWSCMP Economy Series

‘Two sessions’: China’s economic agenda

Ahead of China’s annual legislative meetings, the South China Morning Post examines the complex economic recalibration driving China’s growth philosophy and its wide-ranging implications.

Updated: 28 Feb, 2026
Tourists visit a commercial street in Hubei, central China during the Chinese New Year holiday. Photo: Xinhua
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[1]

After years of ‘at-all-costs’ growth, China wants cadres to ditch GDP obsession

Five-month campaign seen prioritising social welfare and long-term sustainability over economic expansion, with debt, fraud and vanity projects in crosshairs.

27 Feb, 2026
A child waves a Chinese flag near Tiananmen Gate in Beijing on February 19. China’s leadership is calling for local-level cadres across the country to do work that “benefits the people”. Photo: AP
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[2]

China’s pivot from GDP obsession sparks cadre confusion, tests local governance

Governors and mayors must reconcile Beijing’s people-centric mandates with traditional growth targets, navigating vague appraisal changes and performance concepts.

28 Feb, 2026
A vendor sits at the doorway to her store in Beijing on February 18. China’s leadership is pivoting towards people-centric, consumption-led economic growth. Photo: Getty Images
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