{"id":53130,"date":"2023-03-05T13:36:03","date_gmt":"2023-03-05T04:36:03","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2023\/mar\/05\/china-sets-modest-economic-targets-as-it-seeks-to-bounce-back-from-covid-woes"},"modified":"2023-03-05T13:36:03","modified_gmt":"2023-03-05T04:36:03","slug":"china-sets-modest-economic-targets-as-it-seeks-to-bounce-back-from-covid-woes","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=53130","title":{"rendered":"China sets modest economic targets as it seeks to bounce back from Covid woes"},"content":{"rendered":"<p>At the opening of the Communist party\u2019s National People\u2019s Congress, outgoing premier Li Keqiang confirmed a further rise in defence spending as well<\/p>\n<p>China has set a target of 5% GDP growth in 2023, its outgoing premier has said in a speech to the ruling party\u2019s rubber-stamp parliament \u2013 a goal that is at the lower end of analysts\u2019 expectations and follows a 2022 figure that came in far below target.<\/p>\n<p>The \u201cwork report\u201d speech on Sunday also touched on foreign affairs and re-emphasised the Chinese Communist party\u2019s (CCP\u2019s) aim to annex Taiwan. Budget papers confirmed another consecutive <a href=\"https:\/\/www.theguardian.com\/world\/2023\/mar\/04\/china-military-budget-increase-again-appropriate-level\">rise in defence spending<\/a> of 7.2%, slightly up on last year\u2019s rise of 7.1%.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2023\/mar\/05\/china-sets-modest-economic-targets-as-it-seeks-to-bounce-back-from-covid-woes\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At the opening of the Communist party\u2019s National People\u2019s Congress, outgoing premier Li Keqiang confirmed a further rise in defence spending as wellChina has set a target of 5% GDP growth in 2023, its outgoing premier has said in a speech to the ruling&#8230;<\/p>\n","protected":false},"author":1643,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[41,50,587,892,49],"tags":[],"class_list":["post-53130","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-china","category-economic-policy","category-li-keqiang","category-xi-jinping"],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/53130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/1643"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53130"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/53130\/revisions"}],"predecessor-version":[{"id":53131,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/53130\/revisions\/53131"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}