Prime Minister Li Keqiang warned against uncertainty in the economy when he opened the People’s Congress in Beijing today. – Inflation and global low growth together with other countries’ attempts to contain China are challenges out there, said Prime Minister Li Keqiang. In China, the Prime Minister warned that continued low private consumption and uncertainty in the property market are risks at home. In the work report, a target of 5 per cent growth is set for China’s economy this year. If China reaches the target, the country will contribute 1/3 of global growth according to the International Monetary Fund, IMF. Female delegates from various minority groups in front of the Great Hall of the People. Photo: NOEL CELIS / AFP China’s economy has been set back after three years of pandemic and turmoil in world politics. The road back is demanding after what the Prime Minister described as an exceptionally demanding year for the Chinese economy. This year, China wants to: Increase the budget for the development of computer chips and other technology where China is not self-sufficient by 50 percent. Increase the budget for diplomacy and efforts to win support from other countries and international organizations by 12 percent. The defense budget is increased by 7.2 per cent Money spent on the military thus increases more than the rest of the economy. Chinese submarines and warships off Shandong province in 2009. Building up striking power at sea is important in China’s military strategy. Photo: POOL / Reuters Taiwan On the issue of Taiwan, Li Keqiang was cautious. The prime minister said Beijing would work for a peaceful reunification, but also that China had stood up against independence for Taiwan. Something Beijing will continue to do and if necessary with strong means, Li Ke Qiang said. Taiwan is the only part of China that the Communists did not gain control of during the civil war. The island has been self-governing since 1949. The Prime Minister’s last speech This was the last time Prime Minister Li Keqiang delivered the government’s work report. The man who once competed with Xi Jinping to become China’s supreme leader is now stepping down. This year’s People’s Congress is important because it is itself the finale in Xi Jinping’s replacement of leaders in the government apparatus and the Communist Party. All the most important parts of the state and party are now run by men and women loyal to Xi. There is a clear preponderance of men. Female delegates from various minority groups in front of the Great Hall of the People. Photo: NOEL CELIS / AFP The People’s Congress will confirm a third term as president for Xi Jinping. Xi is then the first to govern for more than two terms after Chairman Mao.
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Warns against uncertainty in the economy – news Urix – Foreign news and documentaries
