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The 7.2 percent increase in the budget provided for in the draft budget is indeed hefty. However, the increase is of a similar magnitude to previous years.
By Jörn Petring
At the start of the People's Congress, outgoing Premier Li promised that China's economy is expected to grow by "around five percent" this year. The positive surprise: mild words on Taiwan. The bad news: coal is on the rise again.
By Frank Sieren
At the National People's Congress (NPC), China announced a significant strengthening of its own capabilities in high technology. One focus here is the semiconductor industry, which is suffering under US sanctions and is now becoming more independent. In an interview with Finn Mayer-Kuckuk, Doris Fischer, a Professor of Economics, explains the prospects for the success of China's industrial policy.
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