China’s political leaders have just completed their big annual meetings known as the ‘Two Sessions’ or LiangHui. The meetings are important every year, in that they demonstrate Beijing’s priorities for the economy in the year ahead. This year’s event was particularly notable for the government's emphasis on stability, despite the meetings taking place against a backdrop of China facing its worst Covid outbreak since the early days of the pandemic in January 2020 and a difficult external environment following Russia's invasion of Ukraine.