"My thoughts are with both Andrew Malkinson and the victim of this horrific crime."
Beijing's plans include issuing 1.3 trillion yuan ($179bn; £140bn) in special treasury bonds this year to help fund its stimulus measures. Local governments will also be allowed to increase the amount of money they borrow to 4.4 trillion yuan, up from 3.9 trillion yuan, according to the annual "Work Report".In a rare move, Beijing raised its fiscal deficit - the difference between the government's spending and revenue - by one percentage point to 4% of gross domestic product (GDP), the highest level in decades.
The hike signals Beijing's commitment to increase spending to shore up growth. It has long sought to keep the deficit at or below 3% of GDP to demonstrate fiscal discipline.It also announced plans to create more than 12 million jobs in cities, setting a target for urban unemployment at around 5.5% for 2025. The figure stood at 5.1% last year.The government also pledged to provide more support to high-tech industries, restore stability in the property market, and expand elderly care programmes for its ageing population.
Whether these measures will be enough to boost consumption is the key question.Harsh pandemic-era restrictions along with a prolonged real estate crisis and a government crackdown on tech and finance companies have fuelled pessimism among Chinese people. And a weak social safety net means savings have become especially crucial in case of unexpected out-of-pocket expenses.
But China's leadership is optimistic. CPCC spokesman Liu Jieyi told reporters ahead of the session that while the economy was facing challenges such as low demand, it was "important to recognise that China's economic fundamentals are stable, there are many advantages, resilience is strong, and potential is significant".
Investment in what President Xi calls "high-quality development", which covers high-tech industries from renewables to artificial intelligence (AI), is also expected to be a major focus.While they would stay open, a further consultation will be held on the future role of:
King Charles III spent a short period of time in hospital on Thursday after experiencing temporary side effects during cancer treatment, Buckingham Palace said.The King returned to Clarence House, where he was said to be continuing to work on state papers and make calls from his study. He has cancelled a tour of Birmingham on Friday, acting on medical advice.
Charles, 76, had planned to travel to the city for a busy schedule of engagements, which included four events.The palace first announced the King's cancer diagnosis in February 2024.