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Highlights of Chinese Premier's government work report

2018-March-5       Source: Xinhuanet.com

Following are the highlights of a government work report distributed to media ahead of the annual session of the National People' s Congress (NPC) Monday morning.

WHAT ELSE TO DO THIS YEAR

-- This year' s deficit as a percentage of GDP is projected to be 2.6 percent, 0.4 percentage point lower than last year.

-- Cut steel production capacity by around 30 million metric tons and coal production capacity by approximately 150 million metric tons.

-- Reduce taxes on businesses and individuals by more than 800 billion yuan.

-- This year will see 732 billion yuan invested in railway construction and around 1.8 trillion yuan invested in highway and waterway projects; the scale of investment in ongoing water conservancy projects will reach 1 trillion yuan.

-- The general manufacturing sector will be completely opened up, and access to sectors like telecommunications, medical services, education, elderly care, and new-energy vehicles will be expanded.

-- Actively expand imports, host the first China International Import Expo, and lower import tariffs on automobiles, some everyday consumer goods, and so on.

-- Promote the peaceful growth of cross-Strait relations on the basis of the 1992 Consensus, and advance China' s peaceful reunification.

-- Promote coordination and cooperation among major countries, deepen friendships and achieve common development with our neighbors, and enhance unity and cooperation with other developing countries.

-- Ensure the success of the annual conference of the Boao Forum for Asia, the Shanghai Cooperation Organization Summit, the Summit of the Forum on China-Africa Cooperation.

Editor: Jasmine

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