China’s annual parliamentary meeting has ended. Here are the key takeaways

China’s weeklong parliamentary meeting ended without a press conference from its premier or a speech by President Xi Jinping, breaking from tradition.

Xi typically only addresses the closing ceremony in the first session of the National People’s Congress, which only occurs every five years.

This was the second session of the current term, so his absence is not unusual.

Key announcements from the meeting include a pledge to reduce energy consumption and a focus on industrial support.

Real estate received less attention, with the government emphasizing that bankrupt developers will not be bailed out.

The Chinese Communist Party, led by Xi, has increased its oversight over the government.

At the meeting, party-led commissions were established to regulate finance and tech sectors.

The structure of the State Council was also revised, including vice premiers and the head of the People’s Bank of China in its top leadership group.