
China's NPC closes with tech-led growth and consumer-spending bets
China’s National People’s Congress wraps up with plans to accelerate technology and AI integration, lift R&D spending, and boost domestic consumption through measures like expanded childcare and social welfare. The five-year plan targets 4.5–5% GDP growth, signaling slower expansion but a pivot toward tech-led development and greater state borrowing for infrastructure and welfare. Analysts caution that consumer demand remains weak and details are sparse, leaving execution uncertain, as Xi Jinping seeks stability and a stronger tech-led position amid US tensions.













