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  • China sets GDP growth target of 'around 5%'
    Chinese Premier Li Qiang revealed during a speech to the National People's Congress (NPC) on Tuesday that the country set a gross domestic product growth target of "about 5%" for 2024, the Financial Times reported. Additionally, China will target an unemployment rate of 5.5% and increase its...
  • China's premier to skip post-congress presser
    Chinese Premier Li Qiang is breaking the long-standing tradition and canceling the speech a person in his position is usually expected to give following the National People's Congress (NPC) first-day session, the event's spokesperson said on Monday. Instead, the representatives from different...
  • US-sanctioned general named China defense minister
    The 14th National People's Congress of China approved General Li Shangfu as the next defense minister on Sunday, irrespective of being under the United States sanctions over military cooperation with Russia. Li, who is replacing Wei Fenghe, was sanctioned by the US government in 2018 for...
  • China keeps Yi Gang as central bank chief
    Chinese Premier Li Qiang nominated Yi Gang (pictured) to stay on as governor of the People's Bank of China in a surprise move during the meeting of the 14th National People's Congress. Yi, who reached retirement age, had been expected to step down but was instead appointed a member of the...
  • China elects Li Qiang as new premier
    Li Qiang was officially appointed as China's second in command, known as the premier, by an overwhelming majority of members of the 14th National People's Congress (NPC), the highest legislative body in the country. Out of the 2,947 NPC members present at the meeting, 2,936 approved his...
  • China's Xi wins his third presidential term
    Deputies to the 14th National People's Congress (NPC), China's national legislature, unanimously elected incumbent President Xi Jinping for his third consecutive term on Friday. Xi first became president in 2013 and abolished term limits in 2018, making today's vote unprecedented. The leader was...
  • China to aim for 6G research and development
    China's working group dedicated to testing sixth-generation technology (6G) is already seeking to strengthen international cooperation in an effort to enhance the research and development (R&D) of the system, the country's Minister of Industry and Information Technology (MIIT) Jin Zhuanglong...
  • China's Li: Progress made in handling Taiwan, HK crises
    Chinese Premier Li Keqiang remarked during the 14th National People's Congress (NPC) that Beijing has made progress in handling the issues surrounding Hong Kong, Macao, and Taiwan over the past five years. Li stressed that the National Security Law helped Hong Kong go from "chaos" to...
  • China to increase defense budget by 7.2% in 2023
    The Chinese National People's Congress (NPC) proposed during its 14th session the country should raise its defense budget by 7.2% in 2023. The figure would mark the eighth consecutive single-digit hike for the defense budget. China increased it by 6.6% in 2020, 6.8% in 2021, and 7.1% in...
  • China sets 2023 GDP growth at 5%
    China's National People's Congress (NPC) announced during its 14th session it projected the country's gross domestic product (GDP) will grow by 5% in 2023. The NPC also declared 3% as the target for both inflation growth and budget deficit. Previously, the International Monetary Fund (IMF)...
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