NEWSLETTER Issue I of 2016
2016/03/07

Key figures and facts in

China's government work report

 

On March 5, 2016, Prime Minister Li Keqiang of China delivered his annual report on the work of the government to the National People's Congress. For the convenience of your news coverage, here are some figures and facts of this report, outlined by the China Xinhua News Agency:

 

MAJOR TARGETS & POLICIES FOR 2016

 

-- Increase gross domestic product (GDP) by a rate between 6.5 and 7 percent;

-- Keep the growth of consumer price index (CPI) at around 3 percent;

-- Pursue a more proactive fiscal policy with a deficit of 2.18 trillion yuan (335.38 billion U.S. dollars), 560 billion more than that of last year and accounting for 3 percent of GDP;

-- Add more than 10 million urban jobs with a registered urban unemployment rate at no more than 4.5 percent;

-- Pursue a prudent monetary policy that is flexible and appropriate while the growth of the broad money supply (M2) being set at about 13 percent;

-- Reduce energy intensity by at least 3.4 percent;

-- Chemical oxygen demand and ammonia nitrogen emissions down by 2 percent, sulfur dioxide and nitrogen oxide emissions down by 3 percent, and the density of fine particulate matter (PM2.5) in key areas down;

-- Help more than 10 million rural residents lift themselves out of poverty, including over 2 million poor residents to be relocated from inhospitable areas;

-- Increase central government funds for poverty alleviation by 43.4 percent;

-- Increase central government budgetary investment to 500 billion yuan.

 

 

MAIN GOALS FOR NEXT FIVE YEARS

 

-- Double the 2010 GDP and per capita personal income by 2020;

-- Annual economic growth of at least 6.5 percent in next five years;

-- Aggregate economic output exceeding 90 trillion yuan;

-- Permanent urban residents accounting for 60 percent of China's population;

-- Registered permanent urban residents accounting for 45 percent of China's population;

-- Expansion of high-speed railways in service to 30,000 kilometers while the network linking more than 80 percent of big cities;

-- Water consumption, energy consumption and carbon dioxide emissions per unit of GDP down by 23 percent, 15 percent and 18 percent respectively;

-- Poverty relief of all rural residents falling below the current poverty line, and poverty alleviation in all poor counties and areas;

-- 50 million new urban jobs;

-- One-year increase in average life expectancy.

 

 

Embassy of People's Republic of China

Address: 3505 International Place NW

Washington DC, 20008

Email: chineseembassyspokesperson@gmail.com

 

 

Your comments are welcome.

 

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