China's Government Work Report in 2021
Chinese Premier Li Keqiang delivered the Government Work Report at the opening of this year’s session of the 13th National People’s Congress in Beijing on March 5th, which was adopted on March 11th.
Main Targets For 2021,
– China sets its GDP growth target for 2021 at above 6 percent
– China plans to create more than 11 million new jobs in 2021
– China to maintain its CPI at around 3 percent in 2021
– China plans to cut the ratio of its deficit to GDP to around 3.2 percent for the year of 2021
– China to cut energy consumption per unit of GDP by around 3 percent in 2021
– China to expand effective investment this year, with a central investment budget of 610 billion yuan (about $94 billion)
– China to hold key exhibitions including the China International Import Expo, the China Import and Export Fair, and the China International Fair for Trade in Services
– China to make meticulous preparations for Beijing Winter Olympics
Policies For 2021
– China To Enhance Job-Priority Policies In 2021
– China to accelerate trade of energy-consumption, carbon-emission rights
– China to promote COVID-19 vaccine development, free inoculation
– China to prevent mass return to poverty and fully implement rural vitalization strategy
– China to further transform govt functions in 2021
– China to step up pollution control
– China to actively promote the development of nuclear power on the premise of safety (Read more)
– China to advance building of healthcare system
– China to revitalize, develop traditional medicine
– China to boost smart services for elderly
– China to do more to ensure education fairness
– China to improve regional economic structures
– China not to make sharp changes to its macro-policies in 2021
– China to adopt a prudent monetary policy that is flexible, precise, appropriate and moderate in 2021
– China to improve, implement tax-cut policies in 2021
– China to keep RMB basically stable at reasonable, balanced level in 2021
– China to create world-class business environment
– China to further shorten negative list for foreign investment
– China vows to protect legitimate rights of foreign companies
– China to strengthen anti-monopoly efforts and contain disorderly expansion of capital, and ensure fair market competition
‘One Country, Two Systems’ :
– China to continue to fully, faithfully implement ‘one country, two systems’
– China to improve systems, mechanisms in its Special Administrative Regions of Hong Kong and Macau
– China to promote exchanges, cooperation and integrated development across the Taiwan Straits
– China to resolutely deter ‘Taiwan independence’ separatist activities
14th Five-Year Plan (2021-2025) :
– China to keep its economy running within an appropriate range during the 14th Five-Year Plan period
– China to implement a state strategy in active response to population aging during the 14th Five-Year Plan period
– China’s R&D spending to grow by over 7 percent annually during the 14th Five-Year Plan period
– China to stick to the innovation-driven development strategy and accelerate the building of a modern industrial system during the 14th Five-Year Plan period
– China to foster a world-class business environment during the 14th Five-Year-Plan period
– The life expectancy of Chinese citizens to increase by one year (over 78) during the 14th Five-Year Plan period
– China to promote green development during 14th Five-Year Plan period
– China to continuously improve living standards of its citizens and solidly promote common prosperity during the 14th Five-Year Plan period
– China to promote the high-quality development of the Belt and Road during the 14th Five-Year Plan period
– China to advance the reform and opening up across the board, and bolster the momentum and vitality of development during the 14th Five-Year-Plan period
– China to advance rural vitalization on all fronts and improve the new urbanization strategy during the 14th Five-Year Plan period
– China to develop a strong domestic market and foster a new development paradigm during the 14th Five-Year Plan period
– China to push forward the Peaceful China initiative on a higher level during the 14th Five-Year Plan period
– China to make concrete efforts to achieve the peaking of carbon emissions by 2030 and carbon-neutrality by 2060
