Highlights of 2019 Government Work Report, opens its seco

2019年3月7日

上海楼凤

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  Premier Li Keqiang delivered the Government Work Report to the second session of th

e 13th National People’s Congress in Beijing on Tuesday mornng. Here are the highlights:

  China will raise its fiscal deficit target to 2.76 trillion yuan, or 2.8 percent of GDP, this year from 2.6 percent in 2018. Tota

l government expenditure is budgeted at over 23 trillion yuan, up by 6.5 percent from last year.

  The measure is being taken to stabilize economic growth by enlarging government spending. As a major me

asure to tackle economic risks, the proactive fiscal policy in 2019 will become stronger and more efficient.

  China set its GDP growth target for this year at between 6 percent and 6.5 percent as the country pursues higher-qua

lity development amid mounting uncertainties in the international economic landscape.

  China also set its target for consumer inflation growth at 3 percent for this year, wh

ile it will try to keep growth of the broad measure of money supply, or M2, largely at the same level as last year.

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