Our external economy maintained steady growth. In the face of world economic stagnation and weak external demand, we promptly introduced policies and measures to stabilize and stimulate foreign trade. As a result, China' s total trade volume grew 6.2%, and we maintained and expanded our market share in international trade. Exports grew 7.9%, and imports grew 4.3%, resulting in a trade surplus of $231.1 billion. The Revised Catalogue of Industries for Foreign Investment was implemented, and there was an obvious trend of foreign investment going to service industries. Non-financial foreign direct investment actually utilized in 2012 totaled $111.7 billion, down 3.7%. Chinese companies expanded their overseas presence more quickly, and last year China' s non-financial outward direct investment reached $77.2 billion, up 28.6%. Receipts from overseas contracting projects amounted to $116.6 billion, an increase of 12.7%.

7. New results were achieved in ensuring and improving the people's wellbeing.

The overall employment situation remained stable. An additional 12.66 million urban jobs were created, 3.66 million more than the targeted amount, and the urban registered unemployment rate at the end of 2012 stood at 4.1%, well below the target. Individual income increased rapidly, with urban per capita disposable income reaching 24,565 yuan and rural per capita net income reaching 7,917 yuan, up 9.6% and 10.7%, in real terms after adjusting for inflation, respectively, both higher than the economic growth rate. We further increased the level of social security benefits. We realized the full coverage of the new type of old-age insurance for rural residents and the old-age insurance system for non-working urban residents, launched the major disease insurance pilot program for rural and non-working urban residents, and increased government subsidies for the new type of rural cooperative medical care system and the basic medical insurance scheme for non-working urban residents to 240 yuan per person per year. By the end of 2012, urban population covered by basic old-age, basic medical, unemployment, worker' s compensation, and maternity insurance totaled 324.8 million, 535.89 million, 152.25 million, 189.93 million, and 154.45 million, respectively, and the number of people covered by the new type of old-age insurance for rural residents reached 462.69 million. The system of subsistence allowances benefited 53.409 million rural residents and 21.425 million urban residents. While continuing to strengthen regulation of the real estate market, we further increased support for government-subsidized housing development. Last year we basically completed work on 6.01 million units of government-subsidized housing in urban areas and began construction on an additional 7.81 million units, with both numbers exceeding the planned figures.