The two main issues to watch for will be the major economic targets for 2014 and whether authorities will walk the talk of reforms.
Premier Li Keqiang is set to deliver the key economic targets at the opening of the NPC next Wednesday. Although Beijing has toned down the importance of gross domestic product (GDP) growth, it remains the most important economic indicator to watch out, say economists.
The government is widely expected to maintain a 7.5 percent GDP target and 3.5 percent inflation target for 2014 to ensure expectations of stability.
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"Reform action plans and its implementation will be the focus at NPC and afterwards. To ensure effective delivery of reform measures, Beijing will maintain growth targets at a comfortable range and will likely keep GDP, inflation and targets unchanged," Qu Hongbin, co-head of Asian economics research at HSBC wrote in a report.
However, some believe the government may add some flexibility to the GDP growth target, by setting a "bottom line" for growth or saying "about" 7.5 percent.
What will the reforms focus on?
Aside from economic targets, the government will unveil further details on its reform initiative following last year's Third Plenum meeting in November.
"We expect "reform, innovation and upgrading" to be the buzzwords at the NPC meeting," strategists at Barclays wrote in a report.
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The key policy priorities will be deepening reforms, mitigating financial risks and stabilizing growth, the bank said.
As such, tackling the country's local government debt problem could be top of the agenda, say economists.