China's leadership is striving to bolster confidence in the economy, setting an ambitious target of approximately 5% growth amidst sluggish performance, an escalating trade war with the U.S., and rising geopolitical tensions. Premier Li Qiang announced this goal during the National People's Congress, marking a firm stance in ensuring national security and self-reliance in technology and military capabilities. This meeting underscores Xi Jinping's vision for China’s evolution amidst external pressures, aiming to fortify the Communist Party's influence over all societal facets while addressing economic recovery post-pandemic.
China's top leaders are working to instill confidence in the country's economy by setting a growth target of around 5% despite numerous external challenges.
Premier Li Qiang emphasized that this year's growth target is ambitious, especially with persistent geopolitical tensions and an ongoing trade war with the U.S.
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