China targets economic growth of around 5 pct in 2024
Time:2024-05-07 23:00:04 Source:entertainmentViews(143)
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.
You may also like
- Autumn scenery in Changqing scenic area, Hebei
- Egypt opens pharaonic mummies hall to visitors at new museum in Cairo
- Chinese home appliance firms expand global market with great vigor
- China's homegrown C919, ARJ21 commence Southeast Asian demo flights
- Huangguoshu Waterfall transformed into misty wonderland in SW China's Guizhou
- World's highest pumped storage power station begins construction
- Guiyang's autonomous vehicles reflects booming development in digital manufacturing sector
- Interview: IMF official warns lack of vaccination in low
- Birds forage at beach in Kuwait City