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China

The head of the drafting group for the government work report interprets the new deployment of the report

2024-03-06   

The government work report submitted for review on the 5th has deployed this year's work tasks. On the same day, the State Council Information Office held a briefing, and Huang Shouhong, the head of the government work report drafting group and director of the State Council Research Office, interpreted the relevant situation. How to stabilize growth? "The GDP growth rate of around 5% is a target formulated after considering various factors comprehensively," said Huang Shouhong. From the current needs, expanding employment, increasing household income, and preventing and resolving risks all require a certain level of economic growth rate. "This year, there is significant employment pressure, and based on the driving effect of economic growth on employment, it is necessary to maintain the economic growth rate at around 5%," said Huang Shouhong. In the medium to long term, China aims to achieve basic socialist modernization by 2035, which requires per capita GDP to reach the level of moderately developed countries. According to various calculations, achieving this goal requires maintaining an economic growth rate of around 5%. Can this goal be achieved? Huang Shouhong believes that China has an advantage in large-scale market demand, a supply advantage with a complete industrial system, and a talent advantage with a large number of high-quality workers. At the same time, positive factors for economic development have been increasing since the beginning of this year, and the effect of stable growth policies will continue to be evident. Overall, strategic opportunities and risks coexist, with favorable conditions stronger than unfavorable factors. "China has always been developing, advancing, and growing in response to difficulties and challenges in recent years." Huang Shouhong said that by implementing the decisions and deployments of the Central Committee of the Communist Party of China, seizing favorable opportunities and making good use of favorable conditions, and fully mobilizing the enthusiasm for work and entrepreneurship in all aspects, we have confidence and the ability to achieve this goal. How to better promote people's livelihoods? Employment is the greatest concern of a country and also the greatest livelihood. The report proposes to increase urban employment by more than 12 million people, while last year's target was around 12 million people. Huang Shouhong stated that this reflects the strength, determination, and clear policy guidance of the Party and the government in doing a good job in employment work. In order to achieve employment goals, especially to ensure the employment of young people such as college graduates, the report requires strengthening the support of fiscal, tax, financial and other policies for stabilizing employment this year, and increasing the strength of special policies to promote employment; Strengthen support for industries and enterprises with large employment capacity, and resolutely correct various forms of employment discrimination. In addition to employment, the report also focuses on areas such as education, healthcare, and social security, proposing a series of measures to benefit the people, such as improving the operating conditions of rural boarding schools, increasing the per capita financial subsidy standard for resident medical insurance by 30 yuan, increasing the minimum monthly basic pension standard for urban and rural residents by 20 yuan, and continuing to increase the basic pension for retirees. The report emphasizes in the proactive fiscal policy the need to vigorously optimize expenditure structure, strengthen national major strategic tasks and basic livelihood financial support. "This year, the central government needs to maintain necessary efforts in local transfer payments, with a budget allocation of just over 10 trillion yuan. At the same time, it is necessary to promote provincial governments to lower their financial resources and ensure that basic people's livelihoods, wages, and operational transfer expenditures are not problematic in various regions." Huang Shouhong said. How to expand domestic demand? Domestic demand is the driving force behind China's economic development. Faced with the current problem of insufficient effective demand, the report focuses on promoting stable consumption growth, actively expanding effective investment, and promoting investment and consumption

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Xinhua

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