(Xinhua) 09:08, March 05, 2024 BEIJING, March 5 (Xinhua) -- China targets economic growth of around 5 percent in 2024, according to a government work report submitted Tuesday to the national legislature for deliberation. The country expects to create over 12 million jobs in urban areas and keep the surveyed urban unemployment rate at around 5.5 percent this year, according to the report. A proactive fiscal policy and a prudent monetary policy will be continued, with the ratio of deficit to gross domestic product (GDP) set at 3 percent and the government deficit to rise by 180 billion yuan from the 2023 budget figure. The country will see 3.9 trillion yuan of special-purpose bonds for local governments to be issued this year, up by 100 billion yuan from last year. It will also issue ultra-long special treasury bonds over each of the next several years for the purpose of implementing major national strategies and building up security capacity in key areas, starting with 1 trillion yuan of such bonds this year, the report said. The consistency of the macro policy orientation should be enchanced, it said. |
Remember me? Original Real Housewives of Orange County star Jo De La Rosa returns to the showDuplantis sets a pole vault world record in the opening Diamond League meet of the seasonPolice to review claims Tory MP Mark Menzies allegedly misused £14,000 of party fundsShocking moment macheteMail's Sarah Vine wins her FOURTH award as Lucy Letby podcast is acclaimed at the Press AwardsFrancisco Lindor slugs tiebreaking 2Sarah Nurse scores in OT to lift Toronto over Montreal 3Wealthy residents are fleeing LA, San Francisco and Orange County to littleThe monkey gangs turning this Thai city into a realMaple Leafs, Jets, Oilers and Canucks carry Canada’s Stanley Cup hopes with drought now at 30 years