Military delegates arrive at the Great Hall of the People for the National People’s Congress on Tuesday. Photo: Reuters
Modernising military remains top priority as China boosts defence spending to US$175.98 billion after announcement in Two Sessions
- Funding will rise to US$175.98 billion in 2019 – up by 7.5 per cent from 2018 but less than the 8.1 per cent growth last year
- Analyst says the increase will ‘only fuel greater and deeper suspicion of Beijing’s motivations and strategic objectives’
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Two Sessions 2019 (Lianghui)
Military delegates arrive at the Great Hall of the People for the National People’s Congress on Tuesday. Photo: Reuters
Premier Li Keqiang delivered the government work report during the opening of the National People’s Congress in Beijing. Photo: Bloomberg
Six key takeaways from China Premier Li Keqiang’s annual policy blueprint
- The government set the economic growth target for 2019 in a range of 6.0 to 6.5 per cent during the opening of the National People’s Congress
- Beijing also announced a significant 3 percentage points cut in value-added tax rate for manufacturers to 13 per cent
Topic |
Two Sessions 2019 (Lianghui)
Premier Li Keqiang delivered the government work report during the opening of the National People’s Congress in Beijing. Photo: Bloomberg