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Core Points - The 14th National People's Congress (NPC) Third Session will be held from March 5 to March 11, 2024, with a total of 7 agenda items, including the review of the government work report and the draft amendment to the Law on the National People's Congress and Local People's Congress Representatives [3][4]. Legislative Progress - Since the 14th NPC Second Session, the NPC Standing Committee has played a leading role in legislative work, reviewing 39 legal proposals and passing 24, including 6 new laws and 14 amendments [8]. Economic Outlook - Despite facing challenges, the foundation of the Chinese economy remains stable, with strong advantages and potential. The long-term positive trend and supporting conditions for the economy have not changed, instilling confidence in its future [17]. Private Economy Promotion - The draft Private Economy Promotion Law has been reviewed, emphasizing the importance of "two unwavering" principles and promoting a legal framework for the development of the private economy, ensuring equal participation in market competition [11]. International Relations - The essence of China-U.S. economic and trade relations is mutual benefit, with trade volume increasing over 200 times since the establishment of diplomatic relations. The call for equal negotiations to resolve issues is emphasized [13]. Defense Budget - China's defense budget has maintained a single-digit growth for nine consecutive years, with the defense expenditure as a percentage of GDP remaining below 1.5%, which is lower than the global average [26]. Global South Cooperation - China has consistently aligned with the Global South, contributing significantly to global economic growth, and positions itself as a participant and leader in South-South cooperation [30].