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Government work report: no specific targets for economic growth this year

iconMay 22, 2020 09:42
Source:SMM
[government work report: no specific target for economic growth this year] Li Keqiang pointed out that it is necessary to make it clear that we have not put forward a specific target for economic growth for the whole year, mainly because of the great uncertainty of the global epidemic and economic and trade situation. China's development is faced with some unpredictable factors.

The third session of the 13th National people's Congress (NPC) is scheduled to open at 9:00 at the Great Hall of the people in Beijing on May 22, 2020. Premier Li Keqiang of the State Council will deliver a report on the work of the government.

Li Keqiang pointed out that it is necessary to make it clear that we have not put forward a specific target for economic growth for the whole year, mainly because of the great uncertainty of the global epidemic and economic and trade situation, and China's development is faced with some unpredictable factors. This will help guide all parties to concentrate their efforts on doing a good job of "six stability" and "six guarantees." The "six guarantees" is the focus of this year's "six stability" work. By keeping the bottom line of the "six guarantees", we can stabilize the basic economic market, and by ensuring stability and seeking progress in the midst of stability, we can lay a solid foundation for building a moderately prosperous society in an all-round way. It should be noted that whether it is protecting employment and people's livelihood, achieving the goal of getting rid of poverty, or preventing and defusing risks, it is necessary to have the support of economic growth, and stable economic operation has a bearing on the overall situation. It is necessary to use the methods of reform and opening up to stabilize employment, protect people's livelihood, promote consumption, stimulate the market, stabilize growth, and find a new way to effectively deal with shocks and achieve a virtuous circle.

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