China tightens Hong Kong grip, sets modest GDP target as parliament begins

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China moved to overhaul Hong Kong's electoral system on Friday in a further blow to democracy in the city and unexpectedly set an economic growth target for this year, albeit a modest one, as it kicked off its annual session of parliament.

BEIJING - China moved to overhaul Hong Kong’s electoral system on Friday in a further blow to democracy in the city and unexpectedly set an economic growth target for this year, albeit a modest one, as it kicked off its annual session of parliament.

Also on Friday, Beijing unveiled its next five-year plan, pledging to lift annual research and development spending by more than 7% until 2025, highlighting a commitment to become self-sufficient as the country clashes with the United States and other countries over technology policy. Li set a growth target of more than 6% this year for the world’s second-largest economy, seen to be easily achievable, defying expectations that China would refrain from setting a goal given global uncertainty caused by the pandemic.

The measure, set to be approved during the week-long session of China’s rubber-stamp parliament, would further marginalise a democratic opposition, decimated after Beijing imposed national security legislation following anti-government protests that rocked Hong Kong in 2019.The 2021 economic target was significantly below the consensus of analysts, who expect growth could beat 8% this year from last year’s low base. Chinese shares fell.

Chaoping Zhu, global market strategist at J.P. Morgan Asset Management, said the low economic expansion target reflects a shift from quantity to quality growth. “We will expedite the transition of China’s growth model to one of green development, and promote both high-quality economic growth and high-standard environmental protection,” Li said.

 

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Folks, been rude and discriminating China doesnt change the fact that America has been losing from every angle. Might not because China been good, but the world tired with American bully

Donald trump mutes this video and just watches wetting his pants wondering why he failed to achieve that degree of adulation. Could'a, should'a and still want'a.

Commie dogs

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manjuicecom1 China violates international agreement again. This regime cannot be trusted Don't do any business with them

f**k the CCP, that's all i'd like to say.

CCP, a organisation which parliament members are not elected by people is going to modify HK electoral system? How ridiculous is that? OneCountryTwoSystemIsDead

It crushes all democratic values in Hong Kong. People will not have the right to vote for who they want anymore. All the candidates are Pro-China. Today it happens in Hong Kong. Soon it will happen to the rest of the world if the world don’t take action now. StandWithHongKong

To CCP: Don't ask why the western countries start not to recognize the special status on Hong Kong.

China is fascist state

Fck China

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Democracy for who? Those in the West? Was that not resolved by issuing British overseas passports?

Hong Kong fades into history inevitably.

This time the CCP’s 'Rubber Stamp' conference decided to change Hong Kong’s semi-dictatorship to a national dictatorship. 'One country, two systems' will no longer exist! The dictator emphasizes that those who support the dictatorship will rule Hong Kong

Isn't legislation to protect democracy?

FreeHongKong

Communist thugs destroyed the the pre-1997 agreement

Who are your Bankers ?

More good news please(((

So many are oblivious to what's happening. China and Russia are putting the final pieces in place to take over the world. Election interference was a test. Hong Kong was a test. The virus was a test. Nobody did anything in response. Taiwan is next. Prepare for war.

As usual BulliesRuleHongKong ButchersRuleBeijing

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I love China for not giving a demn to foreign evil machinations, whims and caprices

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The CPPCC

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