BUSINESS

Adjusting to the new China

Asia focus, Erich Parpart, Published on 12/03/2018

» The National People's Congress of China opened its annual legislative gathering last Monday with Prime Minister Li Keqiang announcing a conservative 2018 economic growth target of around 6.5%, and the biggest rise in military spending in three years. The budget for the People's Liberation Army is rising 8.1% to 1.1 trillion yuan or US$175 billion.