2025-03-04
'No major policy shifts expected at Two Sessions'

A local economics academic said he does not expect major policy shifts in the "Two Sessions" meetings in Beijing, saying it's important for the central government to focus on stabilising sentiment and continuing with high-quality growth.

Delegates from the SAR and around the country are in Beijing for the opening of the Chinese People's Political Consultative Conference on Tuesday and the National People's Congress a day later, during which Beijing will announce its economic growth target for 2025.

Ho Lok-sang, an adjunct research professor from Lingnan University, told RTHK's Frank Yung that he expects mainland authorities to set a target of five percent, similar to last year's.

"I'm pretty sure that the most likely target would be five percent, which is in my mind certainly within reach," he said.

The academic also highlighted the need for the world's second-largest economy to pursue high-quality growth.