China NPC meeting concludes with lower growth target set

China’s National People’s Congress approves the 15th five-year plan with a focus on combating corruption and setting economic growth targets. The plan aims for a 4.5 to 5 percent growth rate, while also prioritizing industrial self-reliance and state support for key industries. President Xi Jinping’s anticorruption campaign is gaining momentum, with a new law on combatting cross-border corruption in the works. The NPC also highlights the importance of political loyalty to Xi and the Chinese Communist Party.

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