8 takeaways from the economic briefing at China’s ‘two sessions’

South China Morning PostEN 1 min read 100% complete by Mandy ZuoMarch 6, 2026 at 11:57 AM

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During China's "two sessions" economic briefing in Beijing, top officials addressed key economic issues. The People's Bank of China stated there are no plans to devalue the yuan. The China Securities Regulatory Commission (CSRC) announced more flexible listing rules for tech firms on Shenzhen’s ChiNext board to encourage innovation. The National Development and Reform Commission (NDRC) projected the AI sector to reach 10 trillion yuan by 2030, while acknowledging weaknesses in original innovation and basic research. The NDRC also expects the BeiDou satellite navigation network to be worth 1 trillion yuan within five years. The CSRC also mentioned introducing a market stabilization mechanism to enhance market stability.

Key Entities & Roles

Key Player Opposition Context

ChiNext 40% United States dollar 50% Shenzhen 50% yuan ×260% Beijing 60% Zheng Shanjie ×270% People's Bank of China 70% Wu Qing ×270% China Securities Regulatory Commission (CSRC) 70% National Development and Reform Commission (NDRC) 70% Pan Gongsheng 80% China ×590%

Keywords

china 90% economic briefing 80% tech growth 80% two sessions 70% yuan 70% capital market regulation 70% exchange rate 60% market stabilisation 60% artificial intelligence 60% innovation 50%

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South China Morning Post

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