During the National People's Congress, Chinese leaders revealed strategies to rejuvenate the economy, emphasizing increased consumer spending to meet a growth target of 5 percent. Amidst serious economic challenges, the government seeks to project confidence and establish China as a stable entity on the global stage. With tensions rising in the trade war with the United States, leaders are committed to reducing reliance on exports, while also aiming to transform China into a technological superpower to compete with the US.
Chinese leaders emphasized the need for consumer spending to achieve a 5 percent growth target, reinforcing their commitment to economic stability amid ongoing challenges.
Despite its economic struggles, China's approach during the National People's Congress aimed to project confidence and establish its global standing, particularly against the backdrop of US-China tensions.
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