BEIJING, March 5 (Xinhua) -- China targets economic growth of around 5 percent in 2024, according to a government work report submitted Tuesday to the national legislature for deliberation.
The country expects to create over 12 million jobs in urban areas and keep the surveyed urban unemployment rate at around 5.5 percent this year, according to the report.
A proactive fiscal policy and a prudent monetary policy will be continued, with the ratio of deficit to gross domestic product (GDP) set at 3 percent and the government deficit to rise by 180 billion yuan from the 2023 budget figure.
The country will see 3.9 trillion yuan of special-purpose bonds for local governments to be issued this year, up by 100 billion yuan from last year.
It will also issue ultra-long special treasury bonds over each of the next several years for the purpose of implementing major national strategies and building up security capacity in key areas, starting with 1 trillion yuan of such bonds this year, the report said.
The consistency of the macro policy orientation should be enchanced, it said.
WADA defends pick of Swiss prosecutor under scrutiny in review of Chinese swimmers case
Top legislator addresses closing meeting of China's annual legislative session
Waters of South China Sea should be kept calm, Wang Yi says
ASEAN voices opposition to taking sides
Iran commutes a tycoon's death sentence to 20 years in prison
Russia begins voting to pick next president
ASEAN voices opposition to taking sides
Mainland spokesperson affirms patrols from coast guard near Kinmen legitimate
EMMA COWING: Humza Yousaf's obsession with gender politics showed an absolute contempt for women
SOEs crucial to China's economic growth
Family appeals ruling that threw out lawsuit over 2017 BIA shooting death in North Dakota
DPP 'responsible' for hindered cross