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9 key tasks for 2018 in Government Work Report

Updated: Mar 9,2018 4:17 PM

A staff member of Offshore Oil Engineering Co Ltd cuts a workpiece in Qingdao, East China’s Shandong province, Jan 17, 2018. [Photo/Xinhua]

Premier Li Keqiang delivered the annual Government Work Report on March 5 at the opening meeting of the first session of the 13th National People’s Congress.

Let’s take a look at the nine key tasks proposed in the Government Work Report.

1. Stepping up supply-side structural reform

In economic development the government needs to focus on the real economy, continue to cut overcapacity, reduce excess inventory, deleverage, lower costs and strengthen areas of weakness. The country will take big steps to streamline administration and cut taxes and fees, keep improving the business environment, and further energize market entities to increase the quality of economic growth.

2. Moving faster to make China a country of innovators

Industrial transformation and the latest global revolution in science and technology are trends China must be on board with. The country will do more in implementing the innovation-driven development strategy, and keep on making the Chinese economy more innovative and competitive.

3. Deepening reforms in fundamental and key areas

Xie Ping shows his value-added tax (VAT) invoice offered by Fuzhou Hotel in Fuzhou, capital of East China’s Fujian province, May 1, 2016. [Photo/Xinhua]

The government will, drawing on the important momentum generated by the 40th anniversary of reform and opening-up, endeavor to make new breakthroughs in reform and continue to unleash and develop productive forces.

4. Fighting three critical battles

To fulfill the key annual tasks, the government needs to make everyone involved clear about their responsibilities, strengthen policy implementation, and ensure that every element of work is done to good, solid effect.

5. Making strong moves in the rural revitalization strategy

Harvesters collect wheat in the fields in Xunxian county, Central China’s Henan province, June 7, 2017. [Photo/Xinhua]

Plans will be well designed and the institutions and mechanisms needed to achieve integrated urban-rural development will be improved. The government will rely on reform and innovation to build powerful new growth drivers for rural development.

6. Making solid progress in the coordinated regional development strategy

Regional development policies will be refined. Progress will be made in equalizing access to basic public services. The gap in urban-rural and regional development will gradually be narrowed, and the comparative advantage and potential of each region will be fully leveraged.

7. Actively increasing consumption and promoting effective investment

The government will boost consumption in response to the new changes in consumer demand, focus on making structural adjustments to increase investments, and create a positive cycle of supply structure upgrading and appropriate expansion of aggregate demand.

8. Creating a new landscape in all-around opening-up

A freighter anchors at a dock in Qingdao, East China’s Shandong province, Jan 12, 2018. [Photo/Xinhua]

China will further expand the scope and raise the quality of its opening-up. The structure, layout, institutions and mechanisms for opening-up will be improved, and the government will use high-standard opening-up to generate high-quality development.

9. Doing more to ensure and improve people’s well-being

People visit a temple fair at Ditan Park in Beijing, Feb 16, 2018, the second day of the Spring Festival holiday. [Photo/Xinhua]

The country will, in line with economic growth, do more to directly benefit the people, address the difficulties that affect their lives, and ensure that their basic living needs are met. The aim is to help people feel happier and more satisfied and secure.