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China's parliament kicks off annual meet, here's a peek into inaugural session

China will aim for economic growth of about 5 percent this year, will improve policies supporting childbirth and remain firm in advancing the cause of 'China reunification", the parliament has been told

March 05, 2024 / 14:14 IST
China's National People's Congress (NPC), or parliament, will hold its annual meeting in Beijing from March 5 to March 11,
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China's National People's Congress (NPC), or parliament, kicked off its annual meeting in Beijing on March 5.  The meeting, which is closely tracked, will go on till March 11.  (Image: Reuters)
hina will aim for economic growth of about 5% this year as it works to transform its development model, curb industrial overcapacity, defuse property sector risks and cut wasteful spending by local governments.
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China will aim for economic growth of about 5 percent this year as it works to transform its development model, curb industrial overcapacity and defuse property sector risks, a Reuters report has said. (Image: Reuters)
Referring to Taiwan, China will "be firm in advancing the cause of China reunification", dropping previous mentions of "peaceful reunification". China also announced it would boost defence spending by 7.2% this year, in line with last year.
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Referring to Taiwan, China will "be firm in advancing the cause of China reunification", dropping previous mentions of "peaceful reunification". China also announced it would boost defence spending by 7.2 percent this year, in line with last year. (Image: Reuters)
China will improve policies supporting childbirth and detailed plans to support a growing elderly population by raising benefits and basic pensions and pushing forward a private pension system.
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China will improve policies supporting childbirth and detailed plans to support a growing elderly population by raising benefits and basic pensions plans. It will also push forward a private pension system. (Image: Reuters)
China will step up exploration and development of oil, natural gas and strategic minerals to ensure energy and resource security and will tighten control over fossil fuels consumption.
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China will step up exploration and development of oil, natural gas and strategic minerals to ensure energy and resource security and will tighten control over fossil fuels consumption. (Image: Reuters)
Moneycontrol News
first published: Mar 5, 2024 02:13 pm

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