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.
Related articles:
Related suggestion:
Ukraine support package worth $87b agreed by EU leadersFormer National MP Alfred Ngaro interviewed by police after family fight next to mum’s coffin'Challenging few years for some'NZ report card 2023: near the top of the class in some areas, bottom in othersAuckland rail crossings to be removed ahead of City Rail Link openingClaw and order after toddler gets stuck in toy machineOne in five migratory species at risk of extinctionTim Macindoe confirmed as Hamilton's East ward councillorPrince Harry settles phone'Thank you Bob': Search for plane's blown
3.041s , 6497.625 kb
Copyright © 2024 Powered by China targets economic growth of around 5 pct in 2024 ,Cosmic Coverage news portal