China’s defence outlays are closely watched as a barometer of Beijing’s strategic priorities as it presses ahead with military modernisation.

Chinese Premier Li Qiang is set to announce economic targets and policies for the year ahead on Thursday.

China’s ceremonial parliament meets in Beijing this week as leaders use the event to set policy and economic goals.

BEIJING, March 5 () - China’s annual parliament meeting opens on Thursday, with Beijing expected to unveil ambitions to upgrade its industrial base, close the technology gap with the U. and renew its pledge to shore up consumer demand.

In quick succession, US President Donald Trump has taken out two of Beijing’s closest allies: Venezuelan President Nicolás Maduro and Iranian Supreme Leader Ali Khamenei.

Delegates to discuss trade and investment deals amid rising global tensions in lead-up to President’s first visit since returning to power.

Global conflicts over the past year have pushed the world towards a watershed moment, a spokesperson for China’s National People’s Congress said ahead of its annual meeting to be held from Mar 5 to 12.

Most of China's submarine fleet is diesel-electric, but Beijing is ramping up production of nuclear-powered classes.