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How will delayed NPC affect China's fiscal spending?

Putting legislature on hold would raise questions on growth and budget targets

Delegates attend the opening session of the National People's Congress at the Great Hall of the People in Beijing in March 2019:    © Reuters

As China considers delaying the annual meeting of its legislature amid the coronavirus epidemic, one big question is how such a rare move will affect fiscal policy at a time when the faltering economy badly needs support.

The annual session of the National People's Congress and a parallel meeting of the country's top political advisory body is the most important annual political event in China. Bringing together nearly 3,000 delegates from across the country, the annual NPC meeting in Beijing passes legislation, approves the national budget and sets key economic targets for the year.

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