China: Decades-low economic growth target versus increasing defense spending

Economy 03/10/22, 18:09

At the National People's Congress (NPC) meeting on Saturday, China set its economic growth target at around 5.5% this year—the lowest growth target in 3 decades. By contrast, the country hiked its annual defense budget by 7.1%. Presenting the government work report at the meeting, Premier Li Kequiang announced that China ...

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