China meets 38 gov't targets set in 2019

CNC
Added On May 20, 2020

The 2019 government work report set a target of 6 to 6.5 percent of GDP growth from the previous year. Last year, China's GDP reached 99.09 trillion yuan or about 13.98 trillion U.S. dollars, up 6.1 percent. The report also aimed to create more than 11 million urban jobs in 2019 and keep the registered urban unemployment rate within 4.5 percent. Both targets were met, with some 13.52 million urban jobs created and the registered urban unemployment rate kept at 3.62 percent. In terms of cuts in taxes and fees, the tax cut and fee reduction exceeded 320 billion yuan, and the 16-percent tax rate went down to 13 percent.   In terms of people's livelihood, China lifted 11.09 million rural people out of poverty, built and renovated 290,000 kilometers of rural roads, and cut the average charge for mobile network traffic by 41 percent. In terms of environmental protection, the emissions of sulfur dioxide and nitrogen oxides went down by 4.4 percent and 3.5 percent respectively, while chemical oxygen demand and ammonia nitrogen emissions shrank by 3.2 percent and 3.3 percent respectively. The 38 targets achieved in 2019 also involve a reduction of more than 5 percent in the general expenditure of the central government and a cut of about 3 percent in spending on official overseas visits, official vehicles, and official hospitality.