The ongoing two sessions will close on Thursday. A lot of messages have been delivered during the annual political event, but I still feel there were some important issues that did not receive clear answers.

During a media briefing ahead of the opening of the two sessions, the press center summarized a long list of heated topics that domestic and foreign media focus on, and said these questions would be replied to via press conferences, online interviews and panel discussions during the nearly two-week sessions.

A number of economic issues were on the list, including China's economic structure adjustment, further opening-up, financial reforms as well as industrial overcapacity, local government debt and liquidity risks.

China's policymakers have sent a clear signal in pushing forward financial reforms. Some answers were more exciting than market expectations. For instance, the chairman of China's top banking regulator Shang Fulin specified rules and the firms approved to open long-anticipated private banks in Tuesday's press conference.

But on issues like when to levy the property tax nationwide, how to deal with local government debt and industrial overcapacity, the answers were more vague, smashing potential homebuyers' expectations about more affordable housing prices and raising the international community's concerns that China cannot overcome these difficulties and might experience a hard landing.

Maybe there are some solutions hiding in the over 460 motions from deputies to the National People's Congress and 5,875 proposals submitted to the National Committee of the Chinese People's Political Consultative Conference. How to pick and implement some practical measures will be a long-term task for related government departments.

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