China Unveils New Tech Rules, $140B Bonds to Buoy 2023 Growth Target of 5% Despite Headwinds

• China will issue new regulations on market access and cross-border data flows, Premier Li told global CEOs • Li welcomed foreign investment and said China is pushing emerging industries like biomanufacturing and AI • Li cited measures to address property risks and said there is room for more macro policy steps • Li promoted $140B in special bonds to spur investment and economic growth
• Despite headwinds, Li set an "ambitious" 2023 growth target of around 5%