Members of the Communist Party of China meet at the National People's Congress. (Photo : Getty Images)
Financial analysts are curious over the result of the meeting. The discussions held at this meeting will be a precursor of policy and economic reform in the coming months.
The dates of the meeting are never announced. However, state media reported that a team of experts was invited to this year's event.
Politburo Standing Committee member Liu Yunshan met leading academics and researchers on behalf of President Xi last Monday. There were 56 experts in attendance.
Liu also mentioned that the Party would want to shift from credit-fueled businesses to developing industries that focused on technology development.
There regulations that the Communist Party will discuss the upcoming changes in government next year. Credit Suisse Group's analyst in China said that the new Party leaders will be more conservative.
"Candidates will prefer to be playing it safe rather than executing substantial reforms -- especially state-owned enterprise reforms," he said.
The change in the political arena is connected to the reforms that the country would like to do for its state-owned enterprises (SOEs).
Goldman Sachs Group Inc. economists wrote last week, "SOE reform in China has always been a political issue -- how fast and to what extent reforms could proceed depends on to a large extent on political considerations."
Analysts also think that the annual meeting will be a venue to discuss the G20 Summit that will be held in September. However, observers think that the Chinese government will be addressing sustainability issues, rather than making drastic economic changes.
Victor Shih, a professor at the University of California at San Diego, commented, "Few of the promised reforms have been delivered in substance. Instead of reform, the current administration has put a heavy emphasis on stability."
