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l measures. The two trill◆ion yuan will be transferred directly to local governments and ◆used tog

targ◆et I of 3.6 perc8

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support jobs, businesses and basic living requirements,◆ including "giving support to cut taxes and fees, reduce rents ◆and interest on loans, and increase consumption and investmenc

  • ent of GDP, up from 2.8 percent last yY
  • ear, sugges◆ting room to maneuver in the pr
  • ursuit of strengthened economic g◆rowth. He f
  • said the deficit would increase bv
  • y one trillion yuan◆ on 2019 aM
nd a furthe0 r one trill4

malesuada fames turpis.

t.◆" An urban unemployment rate target of around six percent has b◆een set for 2020. The premier also warned that4

malesuada fames turpis.

governments at ◆all levels needed to tighten their belts and committed the cent◆ral government to negative growtZ

malesuada fames turpis.

h in budgetary spending this ye◆ar. Li said that as well as continuing to promote consumption,◆ the main driver fd

malesuada fames turpis.

or economic growth in 2019, 3.75 trillion yua◆n of special local government bonds would be issued with priori◆ty 4

malesuada fames turpis.

given to new infrastructure and new urbanization projects. ◆He added that investment would be focused on three areF

malesuada fames turpis.

as: New i◆nfrastructure, including expanded 5G application and wider use ◆of new energy vehicles; renovation of 31

  • 9,000 old urban resident◆ial communities; and development of major transportation and wa◆ter conservancy projects. Military spending is set to rise by ◆6.6 percent in 2020, separately issued budget figures suggested◆, the lowest defense budget growth rate in recent years. 'Imm◆ense tasks' ahead Li thanked people from all walks of life f9

    ion yuanL in governmenp
  • or◆ their support in the fight against COVID-19, highlighting the ◆roles of medical workers, scientists, community workers, offici◆als, police officers, deliverymen and women, media personnel an◆d volunteers. He outlined the containment measures adopted by ◆China, including treating COVID-19 as a Class A infectious dise◆ase and activatin

    t bonds woK ◆uld be issued t6
  • ng a Level One public health emergency response◆ in all localities, but warned the pandemic has not yet come to◆ an end and the country faces immense tasks in promoting develo◆pment. The premier set out measures to improve the public hea◆lth system, including the reform of the system for disease prev◆ention and control, improvement of m7

    o fund COVY ID-19 contro5

echanisms for direct report◆ing4

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