Highlights of Government Work Report

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MAJOR TARGETS FOR 2018

-- GDP growth of around 6.5 percent

-- CPI increase of around 3 percent

-- China will open doors wider to foreign investors this year by completely opening up its general manufacturing sector and expand access to a number of other sectors like telecommunications, medical services, education, elderly care, and new-energy vehicles

-- China will further reduce the poor rural population by over 10 million, including 2.8 million people who are to be relocated from inhospitable areas

-- Over 11 million new urban jobs, the surveyed urban unemployment rate within 5.5 percent, and the registered urban jobless rate within 4.5 percent

-- Basic parity in personal income growth and economic growth

-- A steady rise in import and export volumes, and a basic equilibrium in the balance of payments

-- A drop of at least 3 percent in energy consumption per unit of GDP, and continued reductions in the release of major pollutants

-- China will cut sulfur dioxide and nitrogen oxide emissions by 3 percent and achieve a continuous decline in PM2.5 density in key areas

-- Rates for mobile internet services will be cut by at least 30 percent in 2018

-- Substantive progress in supply-side structural reform, basically stable macro leverage, and systematic and effective prevention and control of risk

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