The military budget will rise to 1.67 trillion yuan, or about 213 billion euros.
China aims for five percent economic growth this year. The target is the same as last year, when the economy grew slightly more than the target, i.e. 5.2 percent.
In addition, the superpower plans to increase its military spending by 7.2 percent this year. The military budget will rise to 1.67 trillion yuan, or about 213 billion euros.
The country will announce its economic goals on Tuesday at the annual meeting of the People's Congress.
Recently, China has suffered from, among other things, a crippling real estate crisis, youth unemployment, and frozen demand for Chinese products in the world.
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