China’s economic concerns mount as thousands gather for congress

Premier Li Keqiang will deliver his annual report against the backdrop of a falling currency and an ever-growing housing and debt bubble

China’s rubber-stamp legislature convenes this weekend with the script focused on containing economic risks while president Xi Jinping consolidates power ahead of a pivotal Communist party meeting later this year.

The gathering of 3,000 delegates for the national people’s congress in Beijing’s Great Hall of the People is staged annually by the party.

Related: Why Donald Trump can’t bully China on trade

Related: Australian housing market crash could lead to broader downturn, OECD warns

Related: China accuses western media of fake news about human rights

Continue reading…