China plans to increase defense by 7.2% and targets by 5% economic growth rate
China has set an official economic growth target of “about 5%” for 2023. The summit, which lasts through March 13, will officially pick Premier Li’s successor. In 2022, the military budget increased by 7.1% to 1.45 trillion yuan, up from 6.8% the year before. In an effort to reinvigorate the world’s second-largest economy after a … Read more