China Prioritizes Economic Stability while Taking Tougher Stance on Taiwan in 2023 Policy Roadmap
• Modest 5% GDP growth target for 2024 signals economic stabilization is the priority
• Tougher language on Taiwan reunification, dropping previous calls for a "peaceful" process
• Defense spending rising 7.2% to 1.6 trillion yuan ($222 billion)
• Reforms to hukou system could make it easier for rural migrants to access urban benefits
• Despite economic headwinds, premier strikes confident tone about China's development prospects