The work report presented Tuesday by Premier Li Qiang to the National People’s Congress outlined plans for modest increases in overall spending and a hefty 7.2% jump in funding for the military.
Li's work report is designed to showcase for the nation achievements in the past year and convey the top leadership's priorities for this year.
Photos You Should See View All 60 ImagesApart from the ambitious growth target, “There is no reform, no liberalization, no action plan and no messaging of reassurance,” he said.
— Another 10.4 billion yuan ($1.4 billion) will go to upgrading industries and modernizing manufacturing.
“We will work to build China's self-reliance and strength in science and technology,” the report said.
Persons:
it’s, Premier Li Qiang, Li, Xi Jinping's, James Zimmerman, ”, Tianchen Xu, What's, —, Xu, ” Lynn Song
Organizations:
BEIJING, Premier, National People’s, Communist, American Chamber of Commerce, Economist Intelligence Unit, Baidu, Greater China, ING Economics, —
Locations:
China, Beijing, Washington, Hong Kong, Greater