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China sets 5% GDP growth target for 2023

The biggest annual event on China's political calendar, the "two sessions" meetings, are underway in Beijing. President Xi Jinping has announced China would increase its military spending by 7.2% amid increased tensions with Washington over Taiwan, and the country's outgoing prime minister set a target of 5% GDP growth for 2023. CBS News senior foreign correspondent Elizabeth Palmer joined Anne-Marie Green on "CBS News Mornings" to discuss.

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China prepares for key leadership meetings

Amid escalating tensions with the U.S., Beijing is preparing for its annual "two sessions" meetings, which kick off this weekend. Both the National People's Congress and the Chinese People's Political Consultative Conference will hold their annual gatherings where legislation and personnel changes will be ratified. Amy Celico, a principal at Albright Stonebridge Group, a part of Dentons Global Advisors and co-lead in the firm's China practice, joins Anne-Marie Green on "CBS News Mornings" to discuss.

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