Highlights of Premier Wen' s government work report
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Chinese Premier Wen Jiabao delivered a report on the work of the government Saturday morning at the annual session of the National People' s Congress (NPC).
Following are the highlights:
Major targets for 2011
-- GDP will grow by around 8 percent.
-- Consumer Price Index (CPI) increase will be kept around 4 percent.
-- Over nine million jobs will be created for urban residents. The registered urban unemployment rate will be kept at 4.6% or lower.
-- China will accelerate the transformation of economic growth mode; boost domestic demand; greater help to agricultural, farmer and rural areas; greater efforts in social progress and people' s livelihood.
-- A deficit of 900 billion yuan is projected, consisting of 700 billion yuan in central government deficit and 200 billion yuan in local government bonds.
-- The central government will allocate 42.3 billion yuan to stimulate employment.
Agriculture
-- Emphasis will be given to food security, raising farmers' income, agricultural water conservancy projects and rural reform.
Economic restructuring
-- China will accelerate the strategic economic restructuring, so that the economic growth will be propelled by internal force and innovation.
Income distribution
-- Emphasis will be given to raising income of low-income groups, restructuring personal income tax to alleviate its burden on middle and low-income groups, regulating salaries of high-income industries, and clamping down on illegal income.
Social safety net
-- China will extend the pilot project for the new type of old-age insurance for rural residents to 40% of counties.
Property market
-- China will build 10 million sets of government-subsidized housing, including renovation of shantytowns, and renovate 1.5 million sets of dilapidated houses in the countryside.
-- Priority will be given to developing public rental housing. The central government will allocate 103 billion yuan in this year' s budget for subsidies to support this work, an increase of 26.5 billion yuan over last year.
-- China will improve regulating in the real estate market and firmly curb soaring prices in some cities.
Environment protection and climate change
-- China will strengthen energy conservation, environmental protection and ecological development, and actively respond to climate change.
Healthcare
-- Government subsidies for the new rural cooperative medical care system and medical insurance for non-working urban residents will be increased to 200 yuan per person.
Social administration
-- China will expand channels for people to report on social conditions and popular sentiment; and effectively solve problems that cause great resentment among the masses, such as unauthorized expropriations of arable land and illegal demolitions of houses.
Renminbi
-- China will expand use of the RMB in cross-border trade and investment and press ahead with making the RMB convertible under capital accounts.
Foreign trade
-- China will attach equal importance to exports and imports; increase imports from the least developed countries and from countries with which China has a large trade surplus to gradually correct trade imbalances and properly handle trade frictions.
National defense
-- China will build capacity to win local wars in an information era, and to respond to multiple security threats and accomplish a diverse array of military tasks.
-- The military will resolutely carry out urgent, difficult, dangerous and daunting tasks, such as handling emergencies and relieving disasters.
Hongkong, Macao, Taiwan
-- The central government will boost cooperation between Hong Kong, Macao and the mainland, and deepen cooperation between Hong Kong, Macao and their adjacent Guangdong province.
-- The mainland will implement the Economic Cooperation Framework Agreement (ECFA) and support the Western Taiwan Straits Economic Zone in leading the way and exploring new paths for exchanges and cooperation between the two sides across Taiwan Straits.
