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05.03.2025

05.03.2025 — Two Sessions Through Deficit Gates

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This page is an archive of main headlines from China for 05.03.2025.

It displays 100 headlines from many sources chronologically, as they appeared throughout the day, accompanied by AI overviews that were written in real time.

05.03.2025 ⇢ Two Sessions Through Deficit Gates
⌨China's "two sessions" opened with state media's synchronized coverage of Xi Jinping's attendance, following yesterday's tariff tensions. The morning revealed key economic targets: 5% GDP growth, 7.2% defense budget increase, and a record-high deficit projection.

By midday, coverage shifted to Xi's participation in Jiangsu delegation deliberations, emphasizing the province's role in national development. This connects to previous days' focus on economic self-reliance and "new productive forces."

International developments included CK Hutchison's forced divestment of Panama Canal operations under Trump pressure, continuing from yesterday's US tariff implementation. Hong Kong officials downplayed US tariff impacts while expanding Octopus payment services to Japan.

The afternoon revealed new intellectual property financing trials and anti-"neijuan" (involution) measures, connecting to previous days' private enterprise support narrative.
05.03.2025
06.03.2025
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00:17⇢Panama Unit Falls to Trump's Pressure

⌨The newspapers report heightened coverage of the Two Sessions opening, with state media emphasizing "high-quality development" and "new productive forces" (Global Times, Xinhua, People's Daily). US-China trade tensions continue with Hong Kong officials downplaying impact of US tariff hikes (HKFP, VOA Chinese). CK Hutchison's Panama Canal unit sale under Trump pressure receives particular attention (SCMP).
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01:58⇢Two Sessions Through Service Gates

⌨The newspapers report extensive synchronized coverage of the Two Sessions opening, with Xi Jinping and leadership attending the third session of the 14th NPC (Beijing Daily, Global Times, Xinhua, People's Daily, China Daily). New economic indicators show Caixin Services PMI at 51.4, rising 0.4 points (Caixin). US defense officials emphasize Taiwan's strategic importance and military deterrence (VOA Chinese), while state media highlights Chinese startup growth through opening-up policies (China Daily).
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环球网

总书记心中的“头等大事”

两会现场速递|春潮澎湃起 扬帆正当时——全国政协十四届三次会议开幕侧记 人民日报社论：凝心聚力，打开改革发展新天地
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03:17⇢Five Percent Through TSMC's Gates

⌨The newspapers report extensive coverage of China's 2025 economic targets announced at the Two Sessions, with GDP growth set at 5% and CPI target lowered to 2% (Caixin, Global Times). TSMC's additional $100B investment in US manufacturing draws attention in Taiwan media, with Trump linking it to tariffs and national security concerns (BBC Chinese). Hong Kong's labor policies face scrutiny over mainland talent retention (HKFP).
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Xinhua News Agency

学而时习之丨雷锋精神是永恒的

学习新语丨总书记关怀激励新时代“活雷锋”的故事 镜观·回响丨弘扬新时代雷锋精神 雷锋精神滋养着一代代中华儿女的心灵，体现在无数人的平凡工作和日常生活中
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08:15⇢Defense Budget Rises Through Legislative Gates

⌨The newspapers report extensive coverage of China's annual legislative session opening, with Xi Jinping attending (Xinhua, China Daily, Beijing Daily). New developments include a 7.2% increase in defense budget (China Daily) and confirmation of 5% GDP growth target. In parallel coverage, Trump's Panama pressure leads to BlackRock's $19B port acquisition (Secret China, SCMP), while Hong Kong's Octopus payment system expands to Japan (HKFP).
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10:40⇢Li Qiang's AI Push Through Domestic Gates

⌨The newspapers report extensive coverage of the Two Sessions' opening day, with several sources covering Xi's participation in Jiangsu delegation deliberations (Beijing Daily, China Daily, People's Daily). New developments include Li Qiang's focus on domestic consumption stimulus and AI development (BBC Chinese, DW Chinese). In parallel, Hefei metro corruption investigation reveals systemic issues in government procurement (Caixin Global), while Hong Kong reports new charges against a "Freedom" graffiti artist (HKFP).
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经济观察网

【首席观察】惊蛰春雷响，市场风云动

3月5日，惊蛰节气。这个“春雷惊百虫”的物候节点，恰与全国两会这个中国政治经济“年度风向标”形成时代呼应——前者唤醒自然界的蛰伏生机，后者承载着制度性破局与结构性改革的历史使命。在高质量发展转型的关键阶段，这种时空交汇为政策制定提供了独特的历史坐标系。
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经济观察网

科技创新如何实现企业主导

国务院总理李强3月5日在政府工作报告中提到，要“发挥科技领军企业龙头作用，加强企业主导的产学研深度融合，从制度上保障企业参与国家科技创新决策、承担重大科技项目”。
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13:46⇢Jiangsu's Economic Call Through Deficit Gates

⌨The newspapers report extensive coverage of Xi Jinping's participation in Jiangsu delegation during Two Sessions, with multiple state outlets emphasizing his call for the province's economic leadership (Beijing Daily, Xinhua, Global Times, China Military Online). New developments include China maintaining its 5% GDP target while setting a record-high deficit projection (Caixin Global). In parallel, Jimmy Lai's trial continues in Hong Kong with discussions on moral authority (HKFP), while US diplomatic documents reportedly reconsider Xi's title designation (Secret China).
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23:22⇢Congress Opens While Trump Looks Away

⌨The newspapers report extensive coverage of the Third Session of the 14th National People's Congress opening, with Xi Jinping's attendance and speech highlighting Jiangsu's economic role (Beijing Daily, Global Times, Xinhua). New developments include state media's focus on "whole-process democracy" (People's Daily) and financial policy guidance from the State Council. International coverage shifts to Trump's congressional address and its limited China focus (VOA Chinese, SCMP).
23:35
China Daily

New quality productive forces sought

China's emphasis on developing new quality productive forces based on local conditions and accelerating the establishment of a modern industrial system will provide strong momentum for long-term economic growth while enhancing the resilience and competitiveness of its industrial and supply chains, national legislators, political advisers and experts said.
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