Chinese President Xi Jinping began his new five-year term on Sunday. During this, the Chinese MP has set his development goals for the year 2023. The parliamentarian, who is called the country's rubber stamp, has set a target of increasing the country's development goals by five percent with the start of his new session.
China sets development target for 2023
During this, 67-year-old Premier Li Keqiang presented the final report of his tenure to the National People's Congress (NPC) and gave an account of his ten-year tenure. Meanwhile, China has set a five percent growth target for 2023, the lowest in decades. It is known that Prime Minister Li Keqiang is considered the second leader in China after President Xi Jinping.
Outlined the tenure of the last ten years
Addressing the parliament, Lee said that the term of this government is about to end. During this, he underlined the decades-old achievements of the Chinese government. It is to be known that during the session, the National People's Congress will appoint many new officials to the top posts. The parliament session formally marked the beginning of a third and new term for President Xi Jinping.
China did better economically
Li said in his address that China has registered an annual growth of 6.2 percent in its GDP during the past 10 years. He said the country's foreign exchange reserves remained stable at over $1 trillion. He further added that all these figures show that China has grown much better in economic terms.
Record increase in the Chinese defense budget
It is known that China has increased its defense budget by a record 7.2 percent during this period, after which the Chinese defense budget has gone up to 1.55 trillion yuan (about USD 224 billion). It is known that China has increased its military expenditure for the eighth consecutive year. Last year, China increased its defense budget by 7.1 percent.
Also Read: Energy Inflation: The world will have to face inflation due to increasing energy hunger in China
Central Board of Secondary Education (CBSE) has declared the result of class 12th. 87.98 percent
SCO-NSA Meet: SCO-NSA security advisors meeting begins in Delhi, Doval welcomes top officials
India's National Security Advisor, Ajit Doval received top officials at the Shanghai Cooperation
The Indian team's practice session scheduled for June 14 in Florida has been canceled due to rain
Health facilities in Uttar Pradesh will get wings. A provision of Rs 50550.42 crore has been made
The meeting of the SCO Council of Foreign Ministers started on Friday in Panaji, Goa. Before the
Government employees will now be able to participate in the activities of Rashtriya Swayamsevak S
Information about the earthquake in Vijayapura district of Karnataka has come to light this morni
The T20 and ODI series between India and Sri Lanka starting later this month will start a new cha
If Royal Challengers Bangalore's star batsman Virat Kohli is in the field then the atmosphere is
New India: New resolutions emerged from Sadhana; Our governance model is an example for the world
My dear countrymen, one phase of the biggest festival of democracy was completed on June 1. There
