China to hold a NPC Standing Committee meeting June 24 to 27

Its to review anti-competition law is the word.

I imagine topics such as Trump tariffs and the Middle East may very well come up also.

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The China NPC Standing Committee meeting refers to a session held by the Standing Committee of the National People’s Congress (NPC) — the top legislative body in China.

• It’s the permanent body of the National People’s Congress, which is China’s top legislature.

• While the full NPC (with ~3,000 delegates) meets once a year in March, the Standing Committee meets every couple of months and carries out legislative duties the rest of the year.

• It has around 170–180 members, including the NPC Chairman, Vice-Chairpersons, and Secretary-General.

The NPC Standing Committee:

• Passes laws when the full NPC is not in session

• Amends existing laws

• Approves major administrative appointments, like ministers or central bank officials

• Reviews international treaties

• Oversees other state organs, like the State Council (cabinet), courts, and prosecutors

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This article was written by Eamonn Sheridan at www.forexlive.com.