Following are the main targets for China's economic and social development in 2005, which are available in the report on the work of the government delivered by Premier Wen Jiabao Saturday at the annual session of China's national legislature:
-- GDP growth is set at around 8 percent;
-- There will be 9 million new jobs for urban residents;
-- Registered urban unemployment rate will be controlled within 4.6 percent;
-- The rise in the consumer price index will be no more than 4 percent;
-- international payments will be kept in basic balance;
-- The deficit in the central budget will be 300 billion yuan, 19.8 billion yuan less than that was budgeted in 2004;
-- The central government plans to issue 80 billion yuan worth of long-term treasury bonds, 30 billion yuan less than last year, while allocations from the 2005 central budget for investment in regular development projects will be increased by 10 billion yuan;
-- The agricultural tax will be exempted in 592 key counties included in the national plan for poverty alleviation through development;
-- Additional expenditures of 14 billion yuan from the central budget will be needed to offset revenue decreases in local budgets brought about by reduced or exempted taxes on agriculture and livestock, raising the total expenditures to 66.4 billion yuan;
-- The central government will allocate an additional 15 billion yuan to increase transfer payments to major grain-producing counties and to counties with financial difficulties;
-- Some 10.9 billion yuan will be allocated from the central budget for reemployment work, 2.6 billion yuan more than last year;
-- A fund of 3 billion yuan will be arranged to support the technical upgrading for the safety of state-owned coal mines.