China set a modest 5% target for its economic growth this year, as it kicked off the annual session of its National People's Congress, which is poised to implement the biggest government shake-up in a decade
The 67-year-old Li and a slate of more reform-oriented policy officials are set to retire during the congress, making way for loyalists to President Xi Jinping, who further tightened his grip on power when he secured a precedent-breaking, 63, a longtime Xi ally, is expected to be confirmed as premier, tasked with reinvigorating the world's second-largest economy.
Beijing faces multiple challenges including increasingly fraught relations with the United States, which is trying to block its access to cutting edge technology, and a worsening demographic outlook, with plunging birth rates and a population drop last year for the first time since the famine year of 1961.
The NPC opened on a smoggy day amid tight security in the Chinese capital, with 2,948 delegates gathered in the cavernous Great Hall of the People on the west side of Tiananmen Square.
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