In a new Podzept podcast, Yi Xiong, Chief Economist, China, provides a preview of the key policy issues for the NPC where he expects the government will set a floor growth target at 7-7.5% for 2021, leaving sufficient room to pursue its longer-term policy priorities. Xiong says that the 2021 budget will likely roll back about 60% of Covid-19 related stimulus measures, but nevertheless, government spending will likely increase 7% over last year, thanks to a strong fiscal revenue outlook.