Chinese President Xi Jinping aims to make China a "high income" nation by 2025. - Bloomberg
BEIJING (Reuters): China's annual session of Parliament will chart a course for economic recovery and unveil a five-year plan to fend off stagnation, as strategic rivalry with the United States spurs a shift to reliance on consumption and home-grown technology.
The National People's Congress (NPC) opens Friday (March 5), when Premier Li Keqiang will deliver the 2021 work report, which for a second consecutive year is not expected to include an explicit economic growth target, sources have said, due to the disruptions caused by the Covid-19 pandemic.
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