[ad_1]
1 photoChina is increasingly becoming a military power not only in the economy but also in the world. Photo by EPA-Elta
“More than 6 percent. The target will allow all of us to devote all our energies to promoting reform, innovation and high-quality development,” Prime Minister Li Keqiang said in a pre-distributed speech.
2020 The Chinese government has not set its gross domestic product (GDP) growth target due to the COVID-19 outbreak, which hit the Chinese economy earlier in the year.
The economic stagnation called into question the promises of the Chinese Communist Party to create prosperity for the population in exchange for unquestionable political power. “In setting this target, we have taken into account the recovery of economic activity,” the Chinese premier said.
Typically, the Chinese government sets low growth targets, which it then improves.
According to many analysts, China’s GDP is expected to grow 8 to 9 percent this year, said Tommy Xie, an analyst at OCBC Bank.
In addition, as the country’s Finance Ministry announced yesterday, China’s military budget, the second largest in the world, after the United States, is expected to grow 6.8 percent this year.
Military tensions between China and rival countries, including the United States and India, have risen sharply in recent years due to “hot spots” such as the border in the Himalayas, Taiwan and the South China Sea.
Beijing intends to spend 1.36 trillion on defense. yuan (about 175.6 billion euros), but it represents less than a third of the US military budget.
The budget growth rate has increased compared to 2020. Set at 6.6 percent, it was presented at the beginning of the government’s annual legislative meeting.
In recent years, China has allocated trillions of yuan to modernize its military. Its goal is to become a world-class military force that can compete with the United States and other Western countries.
Beijing has recently used its troops to threaten Taiwan, which it claims, conducting invasion exercises and using invaders to invade Taiwanese airspace.
China aims to turn the People’s Liberation Army into a “fully modernized” military force by 2027 and a “world-class” army that can compete with the United States by 2050.
“Over the past two decades, China’s defense budget has grown rapidly in absolute terms. This reflects China’s growing economic power and determination to set its strategic ambitions strong,” said Adam Ni, an analyst at the China Policy Center. China in the Australian capital, Canberra.
Security policy expert Ignas STANKOVIČIUS comments on the situation:
I would first point out that China is dominated by a model of state capitalism, not by a Russian-type communism. This is a completely different system. And to the question of how the Chinese were successful, I will answer this way: with Western help. When the cost of industrial production began to rise massively in the West due to strong wage increases, many American and Western companies moved to China, which Western production technologies must also be transferred. Basically, in the field of technology, the Chinese really ran all the way the western states did with their hard work, taking it all in exchange for cheap labor. Furthermore, with a historically established mass management mechanism, as well as lazy and supportive people, China has made a really impressive leap.
Another important nuance that has increased China’s competitiveness is that they did not care or care about environmental issues at all. Well, to put it mildly, at least these things are definitely not for the Chinese in the first place … So, without restricting oneself from environmental requirements, sometimes stealing and sometimes officially obtaining the latest Western technology, a ” miraculous “the jump is really possible …
As for armaments, things are also quite clear. Hong Kong was already taken by the Chinese at the end of the lease, but now it is necessary to take Taiwan. This is not to say that the Chinese necessarily want to go to war. I don’t think they want that much, but it is obvious that they want to “blow the cloth” and demonstrate military power so that if the Chinese sometimes thought of Taiwan to join forces, the West, and the United States in particular, would not be. However, in the United States itself, the situation in the United States can be difficult, and this can certainly be a great opportunity for the Chinese, as unfavorable domestic circumstances do not necessarily mean that the United States would intervene, especially if military force from China.
In addition, there is the threat of regional conflicts, such as attempts to dominate the China Sea, etc. At least in this part of the world, the Chinese want to become the biggest power and, in terms of economic development, they are already claiming global dominance. But here’s something even more interesting: Russia also wants to be a global power, not a regional one, but it turns out that two world powers intersect to dominate the region … In my head, Russia has no chance of becoming a dominant power. here unless it becomes a strong and reliable Western ally, which in the near future does not foresee …
[ad_2]
