Economic Situation Still Bright
Fixed Assets Investment
477.6 billion yuan budgeted by the Central Government
800 billion yuan in railway construction
8,000 km of railways to open
27 new water conservancy projects to start construction
More than 800 billion yuan in major water conservancy projects under construction
Agriculture and Rural Development
Grain output above 550 million tons
13.3 million hectares of cropland for subsoil improvement
60 million rural residents to gain access to safe drinking water
200,000 km of rural roads to be built or upgraded
More than 10 million rural people to be out of poverty
Urbanization
7.4 million units of government-subsidized housing to be built, including 5.8 million in rundown urban areas, a year-on-year increase of 1.1 million
3.66 million dilapidated rural houses to be renovated
Social Security
A 10-percent increase in basic pension benefits for enterprise retirees
Monthly basic pension benefits for rural and non-working urban residents to be uniformly raised from 55 yuan to 70 yuan per person
Medical Service
Annual government subsidy for basic medical insurance for rural and non-working urban residents to be increased from 320 yuan to 380 yuan
Annual subsidy for government expenditures on basic public health services to be elevated from 35 yuan to 40 yuan per capita
Environmental Protection
3.1-percent cut in the intensity of carbon dioxide
2-percent reduction in both chemical oxygen demand and ammonia nitrogen emissions
3-percent drop in sulfur dioxide emissions
5-percent cut in nitrogen oxides
Ecological Improvement
670,000 hectares of marginal farmland to be returned to forest
6 million hectares of land to be afforested
($1=6.12 yuan)
(Source: Report on the Work of the Government)
The author is an op-ed contributor to Beijing Review and a researcher with the Chinese Academy of International Trade and Economic Cooperation.
Source: Beijing Review