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Wen's gov't work report at the Fourth Session of the 11th NPC

Xinhua

Wen's gov't work report at the Fourth Session of the 11th NPC

Chinese Premier Wen Jiabao delivers a government work report during the opening meeting of the Fourth Session of the 11th National People's Congress (NPC) at the Great Hall of the People in Beijing, capital of China, March 5, 2011. [Xinhua]

BEIJING - Chinese Premier Wen Jiabao delivered a report on the work of the government Saturday morning at the annual session of the National People's Congress (NPC).

Following are the highlights:

MAJOR TARGETS FOR 2011

-- GDP will grow by around 8 percent.

-- Consumer Price Index (CPI) increase will be kept around 4 percent.

-- Over nine million jobs will be created for urban residents. The registered urban unemployment rate will be kept at 4.6% or lower.

-- China will accelerate the transformation of economic growth mode; boost domestic demand; greater help to agricultural, farmer and rural areas; greater efforts in social progress and people's livelihood.

-- A deficit of 900 billion yuan is projected, consisting of 700 billion yuan in central government deficit and 200 billion yuan in local government bonds.

-- The central government will allocate 42.3 billion yuan to stimulate employment.

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