Wen's gov't work report at the Fourth Session of the 11th NPC

BEIJING - Chinese Premier Wen Jiabao delivered a report on the work of the government Saturday morning at the annual session of the National People's Congress (NPC).

Following are the highlights:

MAJOR TARGETS FOR 2011

-- GDP will grow by around 8 percent.

-- Consumer Price Index (CPI) increase will be kept around 4 percent.

-- Over nine million jobs will be created for urban residents. The registered urban unemployment rate will be kept at 4.6% or lower.

-- China will accelerate the transformation of economic growth mode; boost domestic demand; greater help to agricultural, farmer and rural areas; greater efforts in social progress and people's livelihood.

-- A deficit of 900 billion yuan is projected, consisting of 700 billion yuan in central government deficit and 200 billion yuan in local government bonds.

-- The central government will allocate 42.3 billion yuan to stimulate employment.