Even as China faces a potential Trade War over tariffs with the United States, Beijing has pledged to make domestic demand its main economic driver. It has its annual growth targets to about 5 percent, and along with that, it has called for a 7.2 defence budget hike due to rising regional tensions. On Wednesday, Chinese Premier Li Qiang delivered a government work report, maintaining China’s expected economic growth target for 2025 at around 5%, the same as last year.
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