China Announces ‘Transparent And Moderate’ Defence Budget
Chinese President Xi Jinping has again reiterated his latest moniker ‘New productive forces’ at the just concluded session of the National Peoples Congress. He stressed on the need to be guided by this thought in high tech sectors such as new energy vehicles, artificial intelligence, renewable energy, advanced manufacturing and increasing China’s military might.
The Chinese People’s Political Consultative Conference (CPPCC) National Committee, China’s top political advisory body, concluded its annual session on Sunday, March 10 calling on political advisors to contribute to great unity and solidarity and pool strength for advancing Chinese modernisation.
The meeting was presided over by Wang Huning, chairman of the CPPCC National Committee. Chinese President Xi Jinping, Premier Li Qiang, and senior leaders including Zhao Leji, Cai Qi, Ding Xuexiang, Li Xi and Han Zheng attended the closing meeting of the second session of the 14th CPPCC National Committee at the Great Hall of the People in Beijing, which gathered more than 2,000 political advisors.
2024 marks the 75th anniversary of the founding of the People’s Republic of China and the CPPCC’s establishment. Wang said that over the past 75 years, the CPPCC, under the leadership of the Communist Party of China (CPC), has traversed a glorious course in its efforts toward founding and developing the People’s Republic of China, exploring the path of reform, and realising the Chinese Dream.
Wang emphasised the need for the CPPCC to enhance its capacity for political consultation, democratic oversight, and participation in and deliberation of state affairs. Calling for dedication, responsibility and commitment in the journey toward Chinese modernisation, he urged political advisors to strive in unity to build a modern socialist country in all respects and advance the great rejuvenation of the Chinese nation on all fronts.
The primary task in 2024 is to promote the construction of a modern industrial system and accelerate the development of ‘new productive forces’, he said. ‘New productive forces’ is a term........
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