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’
Topic |   Two Sessions 2019 (Lianghui)

TOP PICKS

Military delegates arrive at the Great Hall of the People for the National People’s Congress on Tuesday. Photo: Reuters
READ FULL ARTICLE
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)

TOP PICKS

Premier Li Keqiang delivered the government work report during the opening of the National People’s Congress in Beijing. Photo: Bloomberg
READ FULL ARTICLE