China sets modest economic targets as it seeks to bounce back from Covid woes

At the opening of the Communist party's National People's Congress, outgoing premier Li Keqiang confirmed a further rise in defence spending as well China has set a target of 5% GDP growth in 2023, its outgoing premier has said in a speech to the ruling party's rubber-stamp parliament - a goal that is at the lower end of analysts' expectations and follows a 2022 figure that came in far below target. The "work report" speech on Sunday also touched on foreign affairs and re-emphasised the Chinese ...