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China is ending its annual Congress with questions open over how to revive its slowing economy

China's annual National People's Congress (NPC) concluded with a focus on economic recovery amidst a backdrop of a slowing economy. The session, which is typically a platform for announcing major policy shifts, ended without providing clear strategies on how to stimulate growth, leaving many questions unanswered. Premier Li Qiang announced a modest GDP growth target of around 5% for the year, but specifics on how to achieve this were sparse. Discussions highlighted ongoing issues like high youth unemployment, a property market slump, and declining consumer confidence. Additionally, there was a notable absence of significant reforms or stimulus packages, with the government instead emphasizing stability, national security, and technological self-reliance. The lack of bold economic measures has led to skepticism about the government's ability to effectively address the economic challenges, with many observers looking for more concrete actions in the coming months.

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[ https://kstp.com/world/china-is-ending-its-annual-congress-with-questions-open-over-how-to-revive-its-slowing-economy/ ]