China pledges modest economic growth of about 5% in 2023

United States News News

China pledges modest economic growth of about 5% in 2023
United States Latest News,United States Headlines
  • 📰 washingtonpost
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 72%

The National People’s Congress opened in Beijing. China’s rubber-stamp parliament is expected to approve a government overhaul that extends Xi Jinping’s control.

on a level not seen since the 1989 pro-democracy movement that ended in a bloody crackdown around Tiananmen SquareIn February, a high-altitude Chinese balloon discovered floating over the United States caused Washington to cancel a scheduled visit by U.S. Secretary of State Antony Blinken, which was meant to put a floor on spiraling U.S.-China ties. Through export restrictions and sanctions, Washington has curbed China’s access to technology related to semiconductors and artificial intelligence.

Beijing also continues to face scrutiny over its friendship with Russia and reticence to condemn the invasion of Ukraine, amidIn a nod to criticism of its foreign policy, Li said his country would “resolutely pursue an independent foreign policy of peace.” Without referring to the U.S. restrictions, Li said China successfully countered “external attempts” to contain China’s development and would focus on building “self reliance” in science and technology in its bid to become a global tech power.

At the Two Sessions, officials will announce the government’s largest leadership reshuffle in a decade, including a new economic team that will have to grapple with a continued property crisis, rising unemployment, an aging population and a declining consumer and investor confidence.

The parliament on Sunday also proposed amendments to a lawmaking procedure during an emergency that would allow its decision-making standing committee to skip multiple rounds of discussion before passing legislation. The proposal is almost certain to be passed, potentially allowing a small group of top lawmakers to ram through controversial legislation with minimal oversight or feedback from the public.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

washingtonpost /  🏆 95. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CPAC 2023: Vivek Ramaswamy counters MTG on national divorce, suggests 'revival'CPAC 2023: Vivek Ramaswamy counters MTG on national divorce, suggests 'revival'OXON HILL, Maryland — Biopharmaceutical entrepreneur and 2024 Republican hopeful Vivek Ramaswamy countered calls for a 'national divorce,' implying that a 'national revival' would be more preferable.
Read more »

China selects mystery astronauts for 2023 missions to Tiangong space stationChina selects mystery astronauts for 2023 missions to Tiangong space stationChinese astronaut crews are usually revealed only a day ahead of launch.
Read more »

China: Tesla Model 3/Model Y Wholesale Sales Increased In February 2023China: Tesla Model 3/Model Y Wholesale Sales Increased In February 2023In February 2023, Tesla once again increased wholesale sales of Made-in-China (MIC) Model 3/Model Y electric cars in China.
Read more »

Prestige Brands to Lead China’s Beauty Market Growth in 2023Prestige Brands to Lead China’s Beauty Market Growth in 2023Last year, the top five prestige skin care brands in terms of sales growth on Tmall, Taobao and Douyin combined were Chanel, Guerlain, Sisley, La Mer and Helena Rubinstein.
Read more »

China sets GDP target of 'around 5%' for 2023China sets GDP target of 'around 5%' for 2023This year, the Two Sessions is also set to formalize government titles for the new premier, vice premiers and heads of different ministries.
Read more »



Render Time: 2025-02-21 01:25:48