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Govenment work main achievement in the past 5 years:
★Over the past five years, economic strength has reached a new high. GDP has registered average annual growth of 7.1 percent.
★Over the past five years, living standards have been constantly improving. More than 68 million people have been lifted out of poverty.
★Over the past five years, the environment has seen gradual improvement.
Govenment main works review in the past 5 years (2013-2017)
▌We have extended the replacement of business tax with VAT to all sectors across the country, calling time on the 66-year history of business tax. The result so far has been a tax cut of more than 2 trillion yuan. Our market entities have seen savings of more than 3 trillion yuan.
▌With a commitment to treating supply-side structural reform, the number of items for which central government sets the prices has been cut back by 80 percent, and local government-priced items have been cut down by over 50 percent.
▌With a commitment to innovation-driven development, and a focus on unlocking public creativity, China’s market entities, all types included, now total over 98 million, an increase of more than 70 percent over the past five years.
▌With a commitment to deepening reform across the board, we have taken major steps to remove institutional barriers, thus steadily boosting the driving forces powering development.
▌With a commitment to China's fundamental policy of opening up, we have focused on promoting win-win cooperation, and significantly improved the performance of our country's open economy.
▌With a commitment to implementing the coordinated regional development and new urbanization strategies, we have promoted more balanced development.
▌We have endeavored to ensure and improve living standards and seen the growing satisfaction of the people.
▌We have taken major steps to address pollution, and achieved notable progress in ecological conservation.
▌We have focused on enhancing and developing new forms of social governance, and ensured social harmony and stability.
2018 govenment work target:
★GDP growth of around 6.5 percent; CPI increase of around 3 percent;
★Over 11 million new urban jobs, the surveyed urban unemployment rate within 5.5 percent, and the registered urban jobless rate within 4.5 percent;
★Basic parity in personal income growth and economic growth;
★A steady rise in import and export volumes, and a basic equilibrium in the balance of payments;
★A drop of at least 3 percent in energy consumption per unit of GDP, and continued reductions in the release of major pollutants;
★Substantive progress in supply-side structural reform, basically stable macro leverage, and systematic and effective prevention and control of risk.
Govenment work suggestion
★We will raise the personal income tax threshold.
★We will significantly reduce the rural drop-outrate; give attention to addressing the problem of heavy extracurricular burdens on primary and secondary school students.
★Per capita government subsidies for basic health insurance for rural and non-working urban residents will be increased by 40 yuan; we will expand the coverage of interprovincial on-the-spot settlement of medical bills;
★We will further cut steel production capacity by around 30 million metric tons and coal production capacity by approximately 150 million metric tons.
★These measures will, over the year, reduce taxes on businesses and individuals by more than 800 billion yuan.
★We will step up next-generation artificial intelligence R&D and application. We will strengthen efforts to reduce smog and prevent and cure cancers and other serious diseases.
★We will improve local tax systems, and prudently advance legislation on real estate tax. We will implement performance-based management across the board, and ensure the proper and secure use of fiscal budgets.
★There will be a serious crackdown on activities that violate the law like illegal fundraising and financial fraud. We will forestall and defuse local government debt risk.
★This year, we will further reduce the poor rural population by over 10 million.
★This year, we will cut sulfur dioxide and nitrogen emissions by 3 percent; we will completely prohibit garbage from being brought in to China; we will impose strict control over coastal area reclamation.
★We will experiment with separating the ownership rights, qualification rights, and use rights for rural land designated for housing. We will build or upgrade 200,000 kilometers of rural roads.
★We will extend preferential policies on purchase tax on new-energy vehicles by another three years. We will create integrated tourism demonstration zones, and lower ticket prices at key state tourist sites.
★This year will see 732 billion yuan invested in railway construction and around 1.8 trillion yuan invested in highway and waterway projects.
★Ease or lift restrictions on the share of foreign-owned equity in companies in sectors including banking, securities, fund management, futures, and financial asset management; we will explore opening free trade ports.
★We will take steady steps in carrying out a three-year campaign to improve rural living environments, and continue the Toilet Revolution.
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