The main points in the Government Work Report presented to the NPC on March 5 by Chinese
Premier Li Keqiang were:
- new approaches to social governance
- focus on service provision at grassroots
- improve social credit system.
-The main targets for 2022 listed by the Chinese Premier were:
-GDP growth of around 5.5 percent
-over 11 million new urban jobs
-surveyed urban unemployment rate of no more than 5.5 percent
-CPI increase of around 3 percent
-growth in personal income that is basically in step with economic growth
-steady increases in both the volume and quality of imports and exports
-a basic equilibrium in the balance of payments
-grain output of over 650 million metric tons
-further improvement in the environment
-continued reduction in the discharge of major pollutants
-energy consumption per unit of GDP to be assessed with appropriate flexibility within the
framework of the 14th Five-Year Plan; and the exclusion of newly added renewable energy
and coal, petroleum, and natural gas consumed as raw materials in the total amount of energy
consumption.
Central government expenditures are projected at 3.557 trillion yuan, up 3.9%. Main
expenditures include:
• 150.782 billion yuan on general public services, down 1.9 %.
• 50.266 billion yuan on diplomatic endeavours, up 2.4 %.
• 1.45045 trillion yuan on national defense, up 7.1 %.
• 194.993 billion yuan on public security, up 4.7 %.
• 152.578 billion yuan on education, the same as the year before (national spending,
which includes local outlays, will increase by 10.6 %).
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• 318.727 billion yuan on science and technology, equivalent to the previous year
(national spending, which includes local outlays, will rise by 7.2 %).
• 113.647 billion yuan on stockpiling grain, edible oils, and other materials, an increase
of 2.3%.
• 638.2 billion yuan on debt interest payments, up 8.8%.
• also, total of 8.9975 trillion yuan will be transferred to local governments, an increase
of 8.4%.
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