China sets 2019 GDP growth target at 6-6.5 pct

0 Comment(s)Print E-mail Xinhua, March 5, 2019
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China has set its GDP growth target at 6-6.5 percent for 2019, according to a government work report available to the news media ahead of the annual legislative session on Tuesday.

China aims to maintain consumer inflation level at around 3 percent and create over 11 million new urban jobs. The surveyed urban unemployment rate is projected to stay around 5.5 percent, the registered urban unemployment rate within 4.5 percent, according to the report to be delivered Tuesday morning at the second session of the 13th National People's Congress, China's top legislature.

"The above projected targets are ambitious but realistic--they represent our aim of promoting high-quality development, are in keeping with the current realities of China's development, and are aligned with the goal of completing the building of a moderately prosperous society in all respects," the report says.

China's economy outperformed the official 2018 goal of "around 6.5 percent" by expanding 6.6 percent. A range target was also set for 2016 at 6.5-7 percent.

This year is the 70th anniversary of the founding of the People's Republic of China. It will be a crucial year for China as it endeavors to achieve the first centenary goal of building a moderately prosperous society in all respects, the report says.

"A full analysis of developments in and outside China shows that in pursuing development this year, we will face a graver and more complicated environment as well as risks and challenges, foreseeable and otherwise, that are greater in number and size," according to the report.

"China is still in an important period of strategic opportunity for development and has ample resilience, enormous potential, and great creativity to unleash. The longing of our people for a better life is strong. We have the unshakable will and the ability needed to prevail over difficulties and challenges of any kind, and our economic fundamentals are sound and will remain sound over the long term," the report says.

China lifts 2019 fiscal deficit target to 2.8 pct of GDP

China targets over 11 million new urban jobs in 2019

China to expand infrastructure investment in 2019

China to lower defense budget growth to 7.5 percent

China to bring more competition to monopoly industries

China to promote steady growth in consumption

China to increase small business loans by over 30 pct in 2019

China to increase 2019 allocation on preventing, controlling air pollution by 25 pct

China to prudently advance legislation on real estate tax

China to cut average rates for mobile internet services by over 20 pct

China to further cut spending on official overseas visits, vehicles, hospitality

China to cut energy consumption per unit of GDP by 3 pct

China to cut SO2, nitrogen oxide emissions by 3 pct

China to do more to attract foreign investment in 2019

China to issue 2.15 trln yuan of special local govt bonds in 2019

China to use prudent monetary policy to "right degree"

China to reduce rural poor population by over 10 mln in 2019

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