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Report on the Work of the Government (full text)
Updated: 2005-03-15 10:42

Following is the full text of the Report on the Work of the Government delivered by Premier Wen Jiabao at the Third Session of the 10th National People's Congress on March 5, 2005.

Fellow Deputies,

On behalf of the State Council, I now submit a report on the work of the government for your examination and approval and also for comments and suggestions from the members of the National Committee of the Chinese People's Political Consultative Conference.

I. Review of the Work in 2004  

Under the leadership of the Communist Party of China (CPC), the people of all our ethnic groups held high the great banners of Deng Xiaoping Theory and the important thought of Three Represents, worked together in an innovative spirit, and made major achievements worth celebrating in the socialist modernization drive in 2004.

We made progress while responding to new challenges and tests during the past year. Some new problems have emerged in China's economic activities over the last two years, mainly tight grain supply, overheated investment in fixed assets, excessive money and credit, and shortages of coal, electricity, petroleum and transportation. If allowed to grow unchecked, these isolated problems could have had an overall impact. After sizing up the situation, the CPC Central Committee and the State Council promptly made decisions and arrangements for strengthening macro regulation. Acting on the principles of adopting resolute and effective measures, taking timely and appropriate steps, dealing with problems individually and stressing practical results, they worked to solve prominent problems threatening steady and rapid economic development through a combination of economic and legal means, plus administrative means when necessary. Thanks to the concerted efforts of the whole nation, their macro regulation achieved significant results. Destabilizing, unsound factors threatening economic performance were contained, weak links were strengthened, and large economic fluctuations were avoided.

The main achievements over the past year were: the economy maintained steady and rapid development, overall national strength increased, significant progress was made in our reform, breakthroughs were achieved in opening up, social development was accelerated, and people's lives improved. China's GDP in 2004 reached 13.65 trillion yuan, an increase of 9.5 percent over the previous year. Government revenue came to 2.63 trillion yuan, up 21.4 percent. Retail sales of consumer goods totaled 5.4 trillion yuan, up 13.3 percent. The volume of imports and exports totaled US$1.15 trillion, an increase of 35.7 percent, moving China up to third place in the world from fourth in the previous year. Some 9.8 million urban residents entered the workforce for the first time, a figure that exceeded the target. Urban per capita disposable income was 9,422 yuan, an increase of 7.7 percent in real terms after allowing for price factors, and rural per capita net income was 2,936 yuan, up 6.8 percent in real terms after allowing for price factors. All of the above shows that China has taken another solid step forward on the road of building a moderately prosperous society in all respects.

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