1、 1 Overview The National Peoples Congress(the NPC),Chinas top legislature,and the National Committee of the Chinese Peoples Political Consultative Conference(the CPPCC),the countrys top political advisory body,completed their annual meetings,known collectively as Lianghui,or Two Sessions,in Beijing

2、on March 13.Premier Li Keqiang delivered his last Government Work Report(the Report)before handing over to his successor.The Report provides a summary of the governments work in 2022,reviews the accomplishments of the past five years,and establishes the direction for both the government and the coun

3、try in the upcoming year.This years Two Sessions,occurring at a time when China faces increasing challenges both domestically and internationally,was a pivotal event for institutional reform,the establishment of new state leadership,and the introduction of various new economic policies.This memo pro

4、vides a summary of the key takeaways from the Two Sessions,highlighting their significance in shaping Chinas future direction.Chinas new line-up of top government leaders During the Two Sessions,President Xi Jinping secured an unprecedented third five-year term and appointed many people he has worke

5、d with closely throughout his career to top government positions.Notably,at the meeting,From now until the middle of the century,the central task of the Party and all Chinese people is to complete building China into a great modern socialist country in all respects and advance national rejuvenation

6、on all fronts.And the baton of this central task has now been historically passed on to our generation.President Xi Jinping Two Sessions 2023 Key Takeaways from Chinas 2023 “Two Sessions”2 Zhao Leji was elected as the Chairman of the Standing Committee for the 14th NPC,Wang Huning was elected chairm