China: Daily Scan, March 5, 2021
Dr Teshu Singh, Research Fellow, VIF
Xinhua Commentary: Confidence, certainty and feasibility behind China's over 6-pct growth target: Xinhuanet
March 5, 2021

China has targeted its economic growth at over 6 percent for 2021. It is a decisive move reflecting a high degree of certainty and confidence in the country's development amid a destabilized global economic outlook marred by the COVID-19 pandemic. Click here to read...

Highlights of Government Work Report: China Daily
March 5, 2021

China sets its GDP growth target for 2021 at above 6 percent. China plans to create more than 11 million new jobs in 2021. China to maintain its CPI at around 3 percent in 2021. Click here to read...

Draft decision on improving HK electoral system submitted to China's top legislature for review: People’s Daily
March 5, 2021

A draft decision on improving the electoral system of the Hong Kong Special Administrative Region (HKSAR) was submitted on Friday to the National People's Congress (NPC), China's top legislature, for deliberation.
Wang Chen, vice chairman of the NPC Standing Committee, delivered an explanatory speech at the opening meeting of the fourth annual session of the 13th NPC. Click here to read...

China to speed up maritime development: draft outline: People’s Daily
March 5, 2021

China will speed up the maritime development, according to the draft outline of the 14th Five-Year Plan (2021-2025) for national economic and social development and the long-range objectives through the year 2035. Click here to read...

China draws up plan for carbon emissions to peak by 2030, to take active, well-ordered steps to develop nuclear energy: Global Times
March 5, 2021

China will draw up an action plan for carbon emissions to peak by 2030 and take active and well-ordered steps to develop nuclear energy on the basis of ensuring its safe use, according to a government work report submitted Friday to the national legislature for deliberation. Click here to read...

China hikes defense budget by 6.8 % in 2021, faster than 6.6% growth last year: Global Times
March 5, 2021

China increased its 2021 defense budget by 6.8 percent to 1.35 trillion Yuan ($ 209 billion) in a quicker pace than last year's growth, which analysts believe is normal, steady and restrained as the country resiliently emerges from the wreckage of COVID-19 pandemic. Click here to read...

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