The following is the gist of the Chinese government's reports released Tuesday for the 2024 annual session of the National People's Congress.
China:
-- sets an economic growth target of around 5 percent for 2024.
-- plans to increase military spending in 2024 by 7.2 percent on year to 1.67 trillion yuan ($231 billion).
-- says it accomplished main economic development goals in 2023 despite "an unusually complex international environment."
-- resolutely opposes separatist activities aimed at "Taiwan independence" and external interference, and says it will be "firm in advancing the cause of China's reunification."
-- will continue to implement proactive fiscal policy to support the economy and refine real estate policies to promote the steady and healthy development of the property market.
