China releases full text of government work report

2020-05-30 03:29:46Xinhua Editor : Wang Fan ECNS App Download
Special: 2020 Two Sessions

The "Report on the Work of the Government" was released in full via Xinhua News Agency on Friday.

The government work report was delivered by Premier Li Keqiang on behalf of the State Council at the third session of the 13th National People's Congress on May 22, and was adopted on Thursday.

The report comprises eight parts:

I. A review of the government work in 2019 and the first few months of 2020;

II. Main targets for development in 2020 and the overall plan for the next stage of work;

III.Forcefully implementing macro policies to keep businesses and employment stable;

IV.Energizing market entities through reform and strengthening new drivers of growth;

V. Implementing the strategy of expanding domestic demand and promoting accelerated transformation of the economic growth model;

VI. Achieving poverty reduction goals and working for good harvests and growth in rural income;

VII. Promoting higher-standard opening up and stabilizing the overall performance of foreign trade and foreign investment;

VIII. Advancing the reform and development of social programs to safeguard and improve living standards.

The report says that this year, the government must give priority to stabilizing employment and ensuring living standards, win the battle against poverty, and achieve the goal of building a moderately prosperous society in all aspects. The report lists the following targets:

-- Over 9 million new urban jobs, a surveyed urban unemployment rate of around 6 percent, and a registered urban unemployment rate of around 5.5 percent;

-- CPI increase of around 3.5 percent;

-- More stable and higher-quality imports and exports, and a basic equilibrium in the balance of payments;

-- Growth in personal income that is basically in step with economic growth;

-- Elimination of poverty among all rural residents living below the current poverty line and in all poor counties;

-- Effective prevention and control of major financial risks;

-- A further drop in energy consumption per unit of GDP and the discharge of major pollutants;

-- Accomplishment of the 13th Five-Year Plan.


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