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.
Russian general who criticized equipment shortages in Ukraine is arrested on bribery charges
Google wants judge, not jury, decide upcoming antitrust case in Virginia
Syria to develop renewable energy projects to resolve electricity shortage: minister
David Beckham details what inspired him to film his tell
Massey, Perez hit homers to lead Royals in 8
California university president put on leave after announcing agreement with pro
Gemma Collins confesses to making herself look FATTER in social media snaps to earn cash
Australia as Bangladesh vow to boost trade as foreign ministers meet in Dhaka
Google wants judge, not jury, decide upcoming antitrust case in Virginia