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Report on Government Work (verbal record)

Report on Government Work (verbal record)

—— March 5, 2019 in the 13th National People's Congress

Second Session of the Congress of Representatives

Premier Li Keqiang of the State Council

(According to live broadcasting)


Now, on behalf of the State Council, I would like to report to the General Assembly on the work of the government for consideration, and invite members of the National Committee of the Chinese People's Political Consultative Conference to put forward their views.

I. Review of Work in 2018

The past year marks the beginning of the full implementation of the spirit of the Nineteenth National Congress of the Party and the first year of the present government's performance in accordance with the law. China's development is facing a complex and severe situation at home and abroad, which is rare for many years. New downward pressure has emerged in the economy. Under the strong leadership of the Party Central Committee with Comrade Xi Jinping as its core, the people of all nationalities throughout the country, guided by Xi Jinping's socialist ideology with Chinese characteristics in the new era, have made great efforts to overcome difficulties, accomplished the main objectives and tasks of economic and social development throughout the year, and made new and significant progress in building a well-off society in an all-round way.

—— Economic operation should be maintained in a reasonable range. GDP grew by 6.6%, exceeding 90 trillion yuan in total. The economic growth rate matches the physical indicators such as electricity consumption and freight transportation. Consumer prices rose by 2.1%. The balance of payments is basically balanced. New jobs were created in cities and towns by 13.61 million people, and the unemployment rate surveyed remained at a low level of about 5%. In large developing countries with a population of nearly 1.4 billion, it is essential to achieve full employment.

—— The economic structure has been continuously optimized. The role of consumption in stimulating economic growth has been further strengthened. The contribution rate of service industry to economic growth is close to 60%. The growth rate of high-tech industry and equipment manufacturing industry is obviously faster than that of general industry. Agriculture has reaped a bumper harvest. Energy consumption per unit of GDP decreased by 3.1%. Quality and efficiency continue to improve.

—— New momentum for development is growing rapidly. Chang'e No. 4 and other major scientific and technological innovations have come out one after another. Emerging industries are booming, while traditional industries are accelerating their transformation and upgrading. Mass entrepreneurship and innovation have been further promoted, with an average of more than 18,000 new enterprises set up every day and a total market body of more than 100 million. New momentum is profoundly changing the way of production and life and shaping China's new advantages in development.

—— New breakthroughs have been made in reform and opening up. The reform of the State Council and local government institutions has been carried out smoothly. New steps have been taken in the reform of key areas. The negative list system of market access has been fully implemented. The reform of simplification and decentralization of government, combination of decentralization and optimization of services has been intensified, and the international ranking of business environment has risen substantially. All aspects of opening up have been expanded and important progress has been made in building the "one belt and one road". The first China International Import Expo was successfully held, and the Hainan Free Trade Experimental Zone started construction. The total import and export volume of goods exceeds 30 trillion yuan, and the actual use of foreign capital is 138.3 billion US dollars, ranking first among developing countries.

—— The three major offensive battles started well. Preventing and resolving major risks, the macro leverage rate tends to be stable, and the overall financial operation is stable. Accurate poverty alleviation has been vigorously promoted. The number of poor people in rural areas has decreased by 13.86 million, and 2.8 million people have been relocated to poverty alleviation areas. Pollution control has been strengthened, the concentration of fine particulate matter (PM2.5) has continued to decline, and the construction of ecological civilization has achieved remarkable results.

—— The people's living standards have continued to improve. The per capita disposable income of residents increased by 6.5%. Increase the starting point of personal income tax and set up six special additional deductions. We will increase the security of basic old-age care and basic medical care, and subsidize nearly 100 million students with family difficulties in various schools. More than 6.2 million housing units in shanty towns and 1.9 million households in dangerous rural areas have been renovated. The living standards of urban and rural residents have been improved.

We wish Chongqing the 40th anniversary of reform and opening-up, sum up the great achievements and valuable experience of reform and opening-up, solemnly declare our firm determination to carry out reform and opening-up in the new era, and encourage the people of all nationalities to continue their struggle and innovate in history.

Looking back on the past year, the results have not come easily. We are facing a deeply changing external environment. Economic globalization has suffered setbacks, multilateralism has been impacted, and international financial market shocks, especially Sino-US economic and trade frictions, have adversely affected the production, operation and market expectations of some enterprises. What we are facing is the severe challenge highlighted by the pains of economic transformation. New and old contradictions are intertwined, cyclical and structural problems are superimposed, and economic operation is stable, changing and worrying. We are facing a complex situation in which there are more and more dilemmas and difficulties. Achieving multiple objectives such as stable growth and risk prevention, accomplishing various tasks such as economic and social development, and dealing with current and long-term and other relations, makes policy decisions and work promotion more difficult. Through the joint efforts of the whole country, China's economic development is generally stable and steady in the high base, and the overall social situation remains stable. This shows once again that, under the leadership of the Communist Party of China, the Chinese people have the courage, wisdom and strength to overcome any difficulties and obstacles, and that China's development has no impending obstacles.

Over the past year, we have thoroughly implemented the Party Central Committee's decision-making plan with Comrade Xi Jinping as the core, adhered to the overall tone of steady progress, coordinated and stable growth, promoted reform, restructured, benefited the people's livelihood and prevented risks, responded to the economic and trade frictions between China and the United States, and made efforts to stabilize employment, finance, foreign trade, foreign investment, investment and expectations.

First, we should innovate and improve macro-control and keep the economy running smoothly. In the face of new situations and changes, we insist on avoiding the "flood irrigation" type of strong stimulation, maintaining the continuity and stability of macro-policy, strengthening orientation and camera control on the basis of inter-regional control, and actively pre-adjusting and fine-tuning. We should adhere to the active fiscal policy, focus on reducing taxes and fees, and make up for shortcomings and adjust the structure. Reducing the VAT tax rate, expanding the scope of small and micro enterprises enjoying tax preferences, and promulgating tax policies such as encouraging R&D innovation. All year round