——Stable growth is to ensure employment and improve people’s wellbeing. That requires a 6.5% to 7% economic growth rate for adequate employment.
——Growth in government revenue is slowing;but when it comes to getting things done for the welfare of the people, we mustn’t drop a single thing.
——Make sure that tax burdens are only reduced not increased in all industries
— Funds for poverty reduction from the central government will go up by 43.4%
“These figures and commitments from the central government have given us more confidence in this year’s work”, said Leng Xinsheng.
There are many deputies who feel the same as Leng Xinsheng. Another 2,889 NPC deputies who were present for the report on the the work of government were satisfied with what the report has said.
“Faced with challenges by downward economic growth, some feasible suggestions have been brought forth. In particular, this year marks the beginning of the implementation of the thirteenth Five-year plan. The government work report has identified systematic plans.”said Dong Mingzhu, an NPC deputy and Chairman of Gree.
Dong believes many issues need to be addressed urgently, such as zombie companies, backward production capacity, infringement on IPR and among others. The solution to these problems lies in the government work report. That means in moderately expanding overall demand, we should do a good job in supply-side structural reform. It requires to reduce ineffective and low-end supply while increasing effective and medium-high end supply and provide more public products and services. In so doing, we can ensure that supply and demand go step in step with economic growth, total factor productivity is improved and social productivity is unleashed.
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