BEIJING - Following are the highlights of a government work report distributed to media ahead of the annual session of the National People's Congress (NPC) Wednesday morning.
MAJOR TARGETS FOR 2014
-- Gross domestic product (GDP) grows about 7.5 percent.
-- Consumer Price Index (CPI) increase will be kept around 3.5 percent.
-- Add 10 million more urban jobs.
-- Keep the registered urban unemployment rate at a maximum 4.6 percent.
-- The government will work to increase personal incomes in step with economic development.
FISCAL AND MONETARY POLICIES FOR 2014
-- China will continue to implement a proactive fiscal policy and a prudent monetary policy.
-- The government budget deficit for this year is projected to be 1.35 trillion yuan ($218 billion dollars), an increase of 150 billion yuan over last year, and accounts for 2.1 percent of GDP.
-- The broad monetary supply (M2) is forecast to grow by around 13 percent.