Government Work Report (full text)

2023-03-15

——On March 5, 2023, at the first session of the 14th National People's Congress, Premier Li Keqiang, the representatives of the State Council said that the term of office of the current government is about to end. Now, on behalf of the State Council, I would like to report my work to the General Assembly for its consideration and comments. 1、 Looking back on the work of the past year and five years, 2022 is an extremely important year in the history of the Party and the country. The successful convening of the 20th National Congress of the Communist Party of China depicts a grand blueprint for building a socialist modern country in an all-round way. China's development has made new achievements that are extremely difficult to come by. In the past year, China's economic development has been hit by multiple unexpected factors at home and abroad, such as epidemic. Under the strong leadership of the Party Central Committee, we have effectively coordinated the epidemic prevention and control and economic and social development, and optimized and adjusted the epidemic prevention and control measures according to the changes of the virus and the epidemic prevention situation. In the face of the new downward pressure on the economy, we should resolutely respond and timely adjust and control, use the policy tools reserved in recent years to implement the established policy measures, unswervingly promote the supply-side structural reform, introduce and implement a package of economic stabilization policies and follow-up measures, deploy the work of stabilizing the overall economy, strengthen the supervision services for the local implementation of policies, support all regions to tap the potential of policies, and support the major economic provinces to take the lead, We will focus on stabilizing growth, employment and prices, and promote economic stability and recovery. The annual GDP increased by 3%, and 12.06 million new jobs were created in cities and towns. At the end of the year, the unemployment rate of urban survey fell to 5.5%, and the consumer price of residents rose by 2%. The total import and export of goods increased by 7.7%. The fiscal deficit rate was controlled at 2.8%, and the central government revenue and expenditure were in line with the budget, with a slight balance of expenditure. The balance of payments remained balanced, and the RMB exchange rate was relatively stable among the major global currencies. The grain output was 1.37 trillion jin, with an increase of 7.4 billion jin. The quality of the ecological environment continued to improve. We have stabilized the overall economic situation in overcoming difficulties, basically completed the main objectives and tasks of the year's development in a complex and volatile environment, and our economy has shown strong resilience. In view of the increasing difficulties in the production and operation of enterprises, we will increase the support for relief. Affected by epidemic and other factors, many enterprises and individual businesses have encountered special difficulties. In the whole year, the VAT deduction and refund exceeded 2.4 trillion yuan, the new tax reduction and fee reduction exceeded 1 trillion yuan, and the tax deferment and fee deferment exceeded 750 billion yuan. In order to effectively support the implementation of the tax and fee reduction policy, the central government's transfer payments to local governments increased significantly. We will guide financial institutions to increase credit lending, reduce financing costs, reduce the average interest rate of newly issued corporate loans to the lowest level since the beginning of statistics, postpone the repayment of principal and interest of phased loans to small and medium-sized enterprises, individual businesses, catering, tourism, freight and other enterprises that are seriously affected by the epidemic, and reduce the interest rate of inclusive small and medium-sized loans. Stimulate market vitality through reform. A large number of small and medium-sized enterprises and self-employed businesses have generally benefited. There are many outstanding contradictions against insufficient effective demand

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Xinhua

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