Premier Li Keqiang delivered the Government Work Report at the opening of the first session of the 14th National People's Congress in Beijing on Sunday.
▲ The opening meeting of the first session of the 14th National People's Congress (NPC) is held at the Great Hall of the People in Beijing, March 5, 2023. [Photo/Xinhua]
Here are some highlights from the report.
Main targets for 2023
- China's deficit-to-GDP ratio is projected at 3 percent for 2023
▲ The opening meeting of the first session of the 14th National People's Congress (NPC) is held at the Great Hall of the People in Beijing, March 5, 2023.[Photo/Xinhua]
Fiscal, monetary policy for 2023
- China to implement prudent monetary policy in a targeted way
- China to enhance intensity, effectiveness of proactive fiscal policy
- China to keep RMB exchange rate generally stable at adaptive, balanced level
- China to intensify efforts to attract, utilize foreign investment
- China to encourage, support private sector
- China to effectively prevent, defuse major economic, financial risks
Social policy for 2023
- China's COVID-19 response will be more well-conceived, more targeted and more effective in 2023
- China to keep personal income growth in step with economic growth
- China expects continuous progress in housing, medical care
- China to stabilize grain output, boost rural revitalization
- China to continue transition to green development
- China to expand domestic demand
Policy on HK, Macao & Taiwan
- China to resolutely oppose "Taiwan independence," advance peaceful reunification
- Chinese central government to maintain lasting prosperity, stability in HK, Macao
Diplomacy for 2023
- China to work with international community to put into action Global Development Initiative, Global Security Initiative
Military policy for 2023
- Chinese military to carry out military operations, boost combat preparedness, enhance military capabilities