When China announced its 2023 defense budget on 5 March, the figure quoted by the government was CNY 1.5537 trillion (USD224.59 billion). This represented a rise of 7.2 per cent compared to the previous year, the largest percentage increase in the past four years.
Australian Prime Minister Anthony Albanese on Friday expressed his condolences on the demise of former Chinese premier Li Keqiang, while recalling the "significant strides" made in the bilateral ties between the two countries under his tenure.
68-year-old Li Keqiang, member of the Standing Committee of the Political Bureau of the 17th, 18th and 19th Communist Party of China central committees and former premier, passed away on Friday in Shanghai.
Once seen as a potential top leader, Li was deliberately kept out of the limelight for years so as not to outshine Jinping. At the same time, Xi accumulated increasingly more powers.
Xi Jinping's close associate Li Qiang has become the new Chinese Premier, but the question is whether he will wield any influence at all as his superior is busy consolidating all power in his hands.
Li Qiang will replace Li Keqiang, who became premier in 2013 with high hopes that he would usher in liberal reforms. But his power was curbed by Xi, who increasingly sidelined Li Keqiang and placed allies in key strategic positions over him.
The session assumed importance in the backdrop of new geopolitical threats facing China and its lowest growth in decades at 3 per cent in the year 2022.
After a decade in Chinese President Xi Jinping's shadow, Li Keqiang is taking his final bow as the country's premier, marking a shift away from the skilled technocrats who have helped steer the world's second-biggest economy in favour of officials known mainly for their unquestioned loyalty
The Chinese Communist Party and Xi Jinping are now at the centre of the Chinese government's efforts to consolidate power, uniting the state with the party and the party with Xi.
Tan Kefei, a spokesperson of the People's Liberation Army and People's Armed Police delegation to the first session of the 14th National People's Congress said that China's military spending is purely to safeguard the country's sovereignty, security and interests.
The GDP growth target and China's other development goals were released in the Government Work Report. Chinese Premier Li Keqiang presented the Government Work Report during the first session of the 14th National People's Congress on Sunday, as per the Global Times report.
Myanmar was expected to hold a summit of the Lancang-Mekong Cooperation (LMC) towards the end of 2022, but it was not held as China's Premier Li Keqiang did not respond to the Myanmar junta's invitation for the summit.