China's Two Sessions Sets a GDP Target of 5% and Increases the Military Budget by 7.2%

03/05/2024 Al Jazeera: The National People's Congress of China opens in Beijing. The CCP has set the GDP growth target for 2024 at 5%, plans to increase the defense spending budget by 7.2%, and also hopes to deal with the problems of low birth rate and population aging. However, since 2023, China has been facing weak consumer and business confidence, foreign capital flight, and a real estate debt crisis. Therefore, it is difficult for China to achieve its goals this year.
03/05/2024 半岛电视台：中国人大在北京开幕。中共把2024的GDP增长目标设定为5%，计划将国防开支预算增加7.2%，并希望解决低出生率和人口老龄化问题。然而自2023年以来，中共国一直面临着消费者和企业信心疲软、外资外逃及房地产债务危机。因此，今年的目标很难实现。