The importance of discussing this year’s new Chinese government work report comes in light of the fact that the year 2024 marks the 75th anniversary of the founding of the People’s Republic of China, as well as being a crucial year for achieving the goals and tasks set for the period from 2021 to 2025.
The Central Committee of the Communist Party of China, with Comrade “Xi Jinping” at its core, adheres to the concept of “people first” when discussing Chinese government work reports, emphasizing taking the interests of the Chinese people as the starting point and the real goal when discussing any government work report, taking into account all demands.
The importance of discussing this year’s new Chinese government work report comes in light of the fact that the year 2024 marks the 75th anniversary of the founding of the People’s Republic of China, as well as being a crucial year for achieving the goals and tasks set for the period from 2021 to 2025. Therefore, Premier “Li Qiang” urged all the Chinese people and their representatives to understand the situation at home and abroad scientifically, remain calm, and make concrete efforts to advance the country’s issues. The Chinese government’s work report for 2024 ensures that the policies and work arrangements of the ruling Communist Party Central Committee are fully implemented, with the Chinese government seeking to achieve tangible results in the main tasks related to economic and social development in an effective manner.
The following are the highlights of the Chinese government work report submitted on 5th March 2024, to the national legislature for deliberation.
- China targets economic growth of around 5 percent in 2024
- China pledges proactive fiscal policy, and prudent monetary policy in 2024
- China aims to create over 12 million urban jobs in 2024
- China sets deficit-to-GDP ratio of 3 percent for 2024
- China to issue ultra-long special treasury bonds in years to come
- China to issue more local govt special-purpose bonds in 2024
- China to modernize the industrial system, and develop new quality productive forces
- China to step up research on disruptive, frontier technologies
- China to launch a year-long program to stimulate consumption
- China to earmark 700 billion yuan in central govt budget for investment in 2024
- China to expand domestic demand
- China to ensure national treatment for foreign-funded enterprises
- China to work toward joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
- China to ensure stable production and supply of agricultural products
- China to advance the energy revolution
- China opposes ‘Taiwan independence’, external interference
- China upholds international fairness, justice
Source: China Daily
