Chinese Premier announces economic measures

Chinese Premier Li Qiang announced measures to boost the economy, including fiscal austerity and 5% economic growth target. China aims to create 12 million new urban jobs and relax restrictions on foreign investment. The defense budget will increase by 7.2%.

Chinese Government's Legislative Sessions

The Chinese government plans to increase its defense budget by 7.2%, causing concern among other countries in the Asia-Pacific region. Job-related proposals and economic growth targets are also discussed at the legislative sessions.