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Tasks and Goals for the 12th Five-Year Plan

(China Daily)
Updated: 2011-03-06 08:56

 

Major targets for 2011

The GDP will grow by about 8 percent.

Consumer price index will be within 4 percent.

More than 9 million jobs will be created.

Unemployment rate will be kept below 4.6 percent.

The deficit is set at 900 billion yuan, 150 billion yuan less than last year. It will decrease to about 2 percent of GDP. The deficit consists of a central government deficit of 700 billion yuan and 200 billion yuan in local government bonds.

A prudent monetary policy will be conducted and the target increase of broad money supply (M2) is set at 16 percent.

Budgets for overseas travel, the purchase and operating of vehicles and entertainment will not increase.

Source: Government work report