China targets economic growth of around 5 pct in 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.
Related articles
What a blast to work at NASA. Space agency is sky
WASHINGTON (AP) — Exploring the cosmos makes for happy employees, federal workers like to work from2024-05-21Dunhuang culture exhibition held in N China
(Xinhua) 08:48, November 29, 2023A visitor views exhibits at an exhibition themed on Dunhuang cultur2024-05-21Tokyo International Film Festival kicks off as China's Zhang Yimou wins lifetime award
(Xinhua) 13:23, October 25, 2023TOKYO, Oct. 24 (Xinhua) -- The 36th Tokyo International Film Festiva2024-05-21Ancient pottery, kilns and wells unearthed in north China ruins
(Xinhua) 13:55, November 24, 2023SHIJIAZHUANG, Nov. 23 (Xinhua) -- A large number of pottery objects2024-05-21Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
Travis Kelce was spotted taking a whiskey shot from a slice of bread in true southern fashion as he2024-05-21Semiautomatic firearm ban passes Colorado's House, heads to Senate
DENVER (AP) — Colorado’s Democratic-controlled House on Sunday passed a bill that would ban the sale2024-05-21
atest comment