China has set its economic growth target at 5% for 2025, presented by Premier Li Qiang at the National People's Congress. This aim reflects a dual strategy: addressing sluggish domestic demand and potentially escalating military ambitions. The trade war with the US, marked by increased tariffs, is causing economic strain, with the IMF predicting lower growth rates. Concurrently, China plans to boost defense spending by 7.2%, asserting vigor in a sector vital for national security, particularly concerning Taiwan's status. China's military budget has been steadily increasing since 2013, raising regional tensions.
China aims for an economic growth of 5% in 2025, signaling its ambitions for military modernization amid challenges like the trade war and declining consumer demand.
Premier Li Qiang emphasized the importance of defense while presenting the budget, indicating a steadfast growth in defense spending as China's economy faces both domestic and international challenges.
The International Monetary Fund predicts a downward adjustment for China's growth, reflecting concerns around sluggish GDP growth and a collapsing real estate market.
China's increasing defense spending is raising concerns in Taiwan, especially with Beijing's insistence on reunification and military actions around the island.
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