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China Concludes Major Political Meeting with Emphasis on Economic Growth and Resilience

China concluded a major political meeting emphasizing an “unrelenting struggle” in international relations, particularly with the US. The assembly approved key government reports and set a growth target of 5%. Economic challenges were acknowledged, yet there were positive indicators in tourism and increased defense spending as part of modernization efforts.

On Tuesday, China concluded a significant political assembly, emphasizing the need for an “unrelenting struggle” to elevate its global position, particularly against escalating tensions with the United States, its primary trading partner. This event witnessed nearly 3,000 delegates gathering at Beijing’s Great Hall of the People, where they were welcomed by President Xi Jinping amid stirring martial music. Li Hongzhong presided over the sessions in the absence of NPC Standing Committee Chairman Zhao Leji, attributing Leji’s absence to a health concern.

During the conclave, the delegates conducted votes on key legislative documents, demonstrating overwhelming support for government reports and budget resolutions. Li, in his closing remarks, asserted that the meeting had successfully addressed all agenda items and upheld democratic principles within the controlled framework of the proceedings. He highlighted the unity of the delegates around the party’s leadership with Xi at its core, which was met with applause.

The assembly’s highlight was Premier Li Qiang’s ambitious proposal for a 5% economic growth target amidst challenges related to recovery from the Covid-19 pandemic. Notably, China is grappling with a struggling economy, burdened by a property sector crisis and low consumption rates. The Premier mentioned a commitment to enhancing domestic demand as the primary catalyst for economic growth, alongside a significant increase in the fiscal deficit for increased spending capacity.

In a positive note, Culture Minister Sun Yeli reported progress in the tourism sector attributed to changes in consumer preferences, emphasizing an increased appreciation for cultural and aesthetic values among citizens. Additionally, China announced a notable 7.2% rise in its defense budget, reinforcing its commitment to modernizing military capabilities amid heightened competitive dynamics with the United States.

In summary, China’s recent political meeting underscored the nation’s resolve for persistent advancement, especially in response to international pressures. With ambitious economic targets set against a backdrop of internal challenges, the leadership seeks to bolster growth through domestic demand and fiscal flexibility. Furthermore, the enhancement of military capacity signals a strategic stance amidst rising global tensions, particularly with the United States.

Original Source: www.rfi.fr

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