Green Light for the Chinese Government’s plans for 2025: The National Volksongres almost unanimously confirmed the work reports and budget plans of the Communist Party on Tuesday. Beijing wants to spend more money on Defense and the battered real estate sector.
The China’s National People’s Congress approved the government’s plans: on Tuesday, the approximately 2900 representatives of the unrefined parliament confirmed the plans in the large hall of the people in Beijing. In particular, it was about work reports and budget plans from the Communist Party that in the dictatorship of one party.
Population should consume more
For the first time in decades, the budget deficit will be increased to four percent of the gross domestic product. Beijing wants to take on money to support the battered real estate sector, to equip banks with capital and to persuade people to more consumption. This should help to achieve the self -set goal of the economic growth of “about five percent”.
With money, the government also wants to strengthen the area of artificial intelligence and create more educational, care and care offers and jobs.
More money for defense
In addition, the defense expenditure increases considerably by 7.2 percent to around 1.78 trillion Yuan (currently more than 225 billion euros). China is currently in a trade war with the United States. A week ago, US President Donald Trump raised the special rates for import from China from ten to 20 percent. China responded to the introduction of rates and commercial restrictions.
Source: Krone
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
