MAJOR TARGETS FOR 2012
-- GDP will grow by 7.5 percent.
-- Consumer Price Index (CPI)
increase will be kept around 4 percent.
-- More than 9 million new jobs will
be created in towns and cities. The registered urban unemployment rate will be
kept at 4.6 percent or lower.
-- The volume of total exports and
imports will increase by around 10 percent.
-- China will make further progress
in industrial restructuring, innovation, energy conservation, and emissions
reduction, and ensure that both urban and rural residents' real incomes
increase in line with economic growth.
-- A deficit of 800 billion yuan is
projected, a decrease to around 1.5 percent of GDP, consisting of 550 billion
yuan in central government deficit and 250 billion yuan in local government
bonds.
FISCAL AND MONETARY POLICIES
-- China will continue to implement
a proactive fiscal policy. The government will increase spending on areas
important to people's wellbeing.
-- China will continue to implement
a prudent monetary policy. The broad money supply is projected to increase by
14 percent.
-- China will make the floating
exchange rate regime more flexible and keep the RMB exchange rate basically
stable at an appropriate and balanced level.
PRICE CONTROL
-- China will control prices and
prevent inflation from rebounding by effectively carrying out macroeconomic
policies, managing the supply of money and credit, and striving for basic
equilibrium in aggregate supply and demand.
AGRICULTURE
-- Efforts will be made to increase
farmers' income, support agricultural technology development, develop rural
infrastructure and protect farm land.
-- The central fiscal plans to
allocate 1.23 trillion yuan for agriculture, rural areas and farmers, 186.8
billion yuan more than last year.
ECONOMIC RESTRUCTURING
-- To accelerate the transformation
of the economic development pattern and carry out strategic adjustment of the
economic structure is both a long-term and most pressing task at present.
NUCLEAR POWER
-- China will safely and effectively
develop nuclear power.
MONITORING PM 2.5
-- China will start monitoring fine
particulate matter (PM2.5) in the Beijing-Tianjin-Hebei region, the Yangtze
River delta, the Pearl River delta and other key areas as well as in
municipalities directly under the central government and provincial capital
cities in 2012.
-- The monitoring will be extended
to all cities at and above the prefectural level by 2015.
GOING BLUE
-- China will formulate and
implement a strategy for marine development, and promote the development of the
marine economy.
SPENDING MORE IN EDUCATION
-- The central government has
prepared its budget to meet the requirement that government spending on
education accounts for 4 percent of the GDP.
-- The government will enhance school
bus safety to ensure children's safety.
PEOPLE'S WELLBEING
-- China will make every effort to
increase employment and the government must continue to follow the strategy of
giving top priority to employment.
-- By the end of the year, the
country will have achieved full coverage of the new old-age pension system for
rural residents and the old-age pension system for non-working urban residents.
-- The government will raise
subsidies for medical insurance for non-working urban residents and the new type
of rural cooperative medical care system to 240 yuan per person per year.
-- It will continue to keep the
birthrate low and redress gender imbalance.
-- It will continue to develop
low-income housing, and basically complete 5 million units and start construction
on over 7 million units.
SOCIAL MANAGEMENT
-- The government will work hard to
resolve social conflicts.
-- It will actively yet prudently
carry forward the reform of the household registration system.
-- It will strengthen and improve
management of the Internet and foster a healthy cyberspace environment.
CULTURAL DEVELOPMENT
-- China will vigorously promote
nonprofit cultural services and strengthen cultural infrastructure in
communities, particularly in rural areas and the central and western regions.
KEY REFORM AREAS
-- China will transform government
functions and balance the relationship between government and the market.
-- It will advance reform of the
fiscal and taxation systems.
-- It will deepen reforms of land,
household registration and public services.
-- It will carry forward reforms in
social programs and income distribution.
-- It will run the government in
accordance with the law and promote innovation in social administration.
-- It will encourage nongovernmental
investment in railways, public utilities, finance, energy, telecommunications,
education, and medical care.
OPENING-UP
-- The government will maintain
steady growth in foreign trade.
-- It will encourage more foreign
investment in advanced manufacturing, new and high technologies, energy
conservation, environmental protection, new service industries, and the central
and western regions.
-- It will support companies making
overseas investments, strengthen risk management of overseas investments and
protect the safety of employees and assets of Chinese enterprises operating
overseas.
NATIONAL DEFENSE
-- China will vigorously carry out
military training under information-age conditions.
-- China will ensure the armed
forces resolutely accomplish the tasks of combating terrorism, maintaining
stability, handling emergencies, and relieving disasters.
HONG KONG, MACAO, TAIWAN
-- The central government will fully
support Hong Kong and Macao in growing their economies, improving the people' s
wellbeing and promoting democracy.
-- In 2012, the mainland will
strengthen the political, economic, and cultural foundation and public support
for growing cross-Straits relations and make further progress in promoting the
peaceful development.
GLOBAL RESPONSIBILITY
-- China will actively participate
in building mechanisms for global economic governance such as the G20.
-- It will continue to play a
constructive role in the Doha Round of trade talks.
-- It will actively participate in
multilateral affairs and global governance and contribute to making the
international political and economic order more just and equitable.
Xi embraced Wen’s
report, praised Shanghai’s progress in the past year, then commented that
Shanghai municipal government is facing a leadership transition too. Xi urges
the Shanghai delegates to maintain a steady and relatively fast economic
growth, maintain stable commodity prices, maintain general stability of the
society, and make new progress in the economic transition.
Xi asks Shanghai to follow the scientific development steadfast and asks
that all levels of officials to form a consensus: can’t just pursue fast
economic development at the cost of environment and resources, at the cost of
accumulating social conflicts, or at the cost of increasing historic debts. Xi
urges Shanghai officials to reaffirm that despite the difficulties on the
scientific development path, never relax in driving innovation, making
transitional development, and to speed up building “four centers [finance,
economy, trade, shipping]”, intelligent city, new suburban city and ecological
civilization.