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China sets 2023 GDP Goal; defense budget rises 7.2%

China sets 2023 GDP Goal; defense budget rises 7.2%

msid 98423003,imgsize 59516 China sets 2023 GDP Goal; defense budget rises 7.2%

China will target gross domestic product expansion of around 5% for 2023, Premier Li Keqiang said in his final government work report to the National People’s Congress — the annual parliamentary gathering.
The meeting kicked off Sunday morning, a key political event that promises a shakeup at the top echelons of government that could further consolidate President Xi Jinping’s power. Other major 2023 economic targets announced by Li, who is set to be replaced by Xi ally Li Qiang, are as…


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