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Highlights of Chinese government work report

chinadaily.com.cn/Xinhua| Updated: March 5, 2024 L M S


The opening meeting of the second session of the 14th National People's Congress is held at the Great Hall of the People in Beijing, March 5, 2024. [Photo by Feng Yongbin/chinadaily.com.cn]

The following are the highlights of the Chinese government work report submitted Tuesday to the national legislature for deliberation.

- China targets economic growth of around 5 percent in 2024

- China pledges proactive fiscal policy, prudent monetary policy in 2024

- China aims to create over 12 million urban jobs in 2024

- China sets deficit-to-GDP ratio of 3 percent for 2024

- China to issue ultra-long special treasury bonds in years to come

- China to issue more local govt special-purpose bonds in 2024

- China to modernize industrial system, develop new quality productive forces

- China to step up research on disruptive, frontier technologies

- China to launch year-long program to stimulate consumption 

- China to earmark 700 billion yuan in central govt budget for investment in 2024 

- China to expand domestic demand

- China to ensure national treatment for foreign-funded enterprises

- China to work toward joining CPTPP 

- China to ensure stable production, supply of agricultural products

- China to advance energy revolution

- China opposes 'Taiwan independence', external interference 

- China upholds international fairness, justice 

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