China

Key 2013 development goal figures


Published

Below is a press report as published on the Xinhua website giving the key development goals for 2013 as delivered in Prime Minister Wen Jiabao’s report earlier this week.

“BEIJING, March 5 (Xinhua) — Chinese Premier Wen Jiabao delivered a report on the work of the government Tuesday morning at the annual session of the National People’s Congress.

It is his last government work report to the country’s top legislature. Following are some key facts and figures of China’s major development goals for 2013 from the report:

— To increase GDP by about 7.5 percent.

— To hold increases in the CPI to around 3.5 percent.

— To add more than 9 million urban jobs.

— To keep the registered urban unemployment rate at or below 4.6 percent.

— China is projecting a deficit of 1.2 trillion yuan, 400 billion more than the budgeted figure last year.

— The increase in the deficit this year will bring the deficit-to-GDP ratio to about 2 percent, which is overall at a safe level.

— The target for growth of the broad money supply is about 13 percent.

— To ensure that China’s farmland remains at or above the red line of 120 million hectares.

— Basic old-age pensions for enterprise retirees should be raised by another 10 percent.

— This year, 4.7 million government-subsidized urban housing units should be basically completed, construction of another 6.3 million units should begin, and renovation of dilapidated rural houses should continue.”

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