ecns [expanded by feedex.net]: Highlights of Chinese government work report for 2015

ecns [expanded by feedex.net]

ecns

Highlights of Chinese government work report for 2015
http://www.ecns.cn/2015/03-05/156749.shtml
Mar 5th 2015, 00:08





2015-03-05 09:08 Xinhua Web Editor: Gu Liping


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.[Special coverage]


-- 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


-- Over 800 billion yuan 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.





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