Following are highlights of the Chinese Government work report distributed Thursday morning to the press ahead of the annual session of the National People's Congress.
- Increase GDP by approximately 7 percent
- Keep increase in CPI at around 3 percent
- Create over 10 million jobs in urban areas
- Ensure registered urban unemployment rate not to exceed 4.5 percent
- Increase imports and exports by around 6 percent
- Cut energy intensity by 3.1 percent
- Continue to implement proactive fiscal policy and prudent monetary policy
- Proactive fiscal policy must sustain the momentum of economic growth and increase economic returns, monetary policy must be prudent and balanced
- Annual government budget deficit is projected to be 1.62 trillion yuan
- Deficit to GDP ratio will rise from last year's 2.1 percent to 2.3 percent
- M2 money supply is forecasted to grow by around 12 percent, but actual supply may be slightly higher
- Encourage popular entrepreneurship and mass innovation
- Draw up a negative list for market access
- Greatly relax market access for private investment and encourage the use of private capital to set up equity funds
- Actively promote models of cooperation between government and nongovernmental capital in developing infrastructure and public utilities
- Take timely action to accelerate price reform
- Encourage qualified private investors to establish, in accordance with law, small and medium-sized banks and other financial institutions
- Keep the RMB exchange rate at an appropriate and balanced level and allow it to float more freely
- Launch the Shenzhen-Hong Kong Stock Connect on a trial basis at an appropriate time
--Halve the number of industries in which foreign investment is restricted
- Move faster to strengthen infrastructure connectivity with neighboring countries
- Work for progress in talks on free trade zones with the Gulf Cooperation Council and Israel
- Keep housing consumption stable
- Launch a number of major new projects
- The Central Government will increase its budgetary investment to 477.6 billion yuan ($76.2 billion)
- Over 800 billion yuan ($127.7 billion) will be invested in railway construction and open over 8,000 km of railways to traffic
- Over 800 billion yuan will be invested in the major water conservancy projects
- Build an additional 7.4 million units of government-subsidized housing
- Reduce the poor rural population by more than 10 million
- Keep grain output above 550 million metric tons
- Strive for zero-growth in the consumption of coal in key areas
- Cut the intensity of carbon dioxide by at least 3.1 percent
- Renovate 3.66 million dilapidated rural houses, an increase of 1 million over the renovated last year
- Draw up and implement a strategic maritime plan
- Implement the "Made in China 2025" strategy
- Develop the "Internet Plus" action plan to integrate the mobile Internet, cloud computing, big data and the Internet of Things with modern manufacturing
- Work toward putting in a strong bid to host the 2022 Winter Olympics
- Uphold the fundamental principle of the absolute leadership of the Communist Party of China over the armed forces
- Strengthen efforts in all areas in a coordinated way to maintain military preparedness
- Strengthen efforts to modernize the armed police forces
- Oppose the independence of Taiwan and keep cross-Strait relations on the right course in peaceful development
- Work together with other members of the international community to uphold the victory of World War II and international justice.
(Xinhua News Agency March 5, 2015) |