⚠️BREAKING: *ASIAN-PACIFIC STOCKS MOSTLY HIGHER ACROSS THE REGION TO START THE WEEK, CHINA LAGS ON WEAK GDP OUTLOOK - 🇯🇵🇦🇺🇨🇳🇭🇰🇰🇷🇮🇩🇮🇳
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China sets GDP target of 'around 5%' for 2023This year, the Two Sessions is also set to formalize government titles for the new premier, vice premiers and heads of different ministries.
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China plans 7.2% defence spending rise this year, faster than GDP targetChina will boost defence spending by 7.2% this year, slightly outpacing last year's increase and faster than the government's modest economic growth forecast, as Premier Li Keqiang called for the armed forces to boost combat preparedness.
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China plans 7.2% defence spending rise this year, faster than GDP target By Reuters*CHINA TO INCREASE DEFENSE SPENDING BY 7.2% THIS YEAR, FASTER THAN GDP TARGET - 🇨🇳🇨🇳
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Pushing for a post-COVID rebound, China targets GDP growth of 'around 5%' this yearChina is targeting growth of 'around 5%' this year and will take steps to catalyze a rebound after its economy stalled under strict COVID controls last year, says outgoing premier Li Keqiang.
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Breakingviews - China gives itself easy GDP homeworkChina aims to grow GDP by “around 5%” in 2023, which might seem low given last year’s 3% marked the country’s weakest performance in decades. But in aggregate the collection of speeches and policy documents fired out on Sunday list serious problems to which Beijing offers only aspirational solutions.
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Asian stocks mostly higher, but China equities struggle after government sets slower-than-forecast growth targetMarkets have been fluctuating amid uncertainty over where inflation is heading and what the Federal Reserve will do about it.
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