Original article by Will Glasgow
The Australian – Page: 1 & 9 : 6-Mar-23

Outgoing Chinese Premier Li Keqiang has told the National People’s Congress that the Chinese economy is staging a steady recovery after three years of tough ‘Covid-zero’ policies. The Chinese economy grew by just three per cent in 2022, compared to the government’s target of 5.5 per cent. Although China’s latest national budget has set modest targets for economic growth in 2023, defence spending is set to rise by 7.2 per cent to over $330 billion (1.55 trillion yuan), with the government citing "complex security challenges" as the reason for the significant increase.

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