Premier Li opens NPC with strong first report

 2014 Target In Numbers

7.5 percent

China keeps its economic growth target unchanged at around 7.5 percent this year as the government looks to achieve stable growth while driving through reforms for a more balanced model. Read more...

12.2 percent

China plans to raise its defense budget by 12.2 percent to 808.2 billion yuan (about $132 billion dollars) in 2014, according to a budget report to be reviewed by the country's national legislature. China spent 720.197 billion yuan on national defense in 2013, a 10.7-percent increase from the previous year. Read more...

3.9 percent

China aims to cut energy intensity by more than 3.9 percent this year to strengthen energy conservation and emissions reduction, according to the government work report.

The emissions of sulfur dioxide and chemical oxygen demand will both be reduced by 2 percent this year. Read more...

12.2 percent

China plans to raise its defense budget by 12.2 percent to 808.2 billion yuan (about $132 billion) in 2014, according to a draft budget report submitted to the national legislature for review on Wednesday. Read more...

1.35 trillion yuan

The government budget deficit for this year is projected to be 1.35 trillion yuan (220 billion U.S. dollars), an increase of 150 billion yuan over last year, which consists of 950 billion yuan of central government deficit and 400 billion yuan of bonds to be issued on behalf of the local governments. Read more...

200

More than 200 items requiring review and approval of the State Council, China's Cabinet, will be canceled or delegated to lower-level governments this year. Read more...

100 million people

Urbanization is the sure route to modernization and an important basis for integrating the urban and rural structures, Li said in his first government work report.

China will grant urban residency to around 100 million rural people who have moved to cities, rebuild rundown city areas and villages inside cities where around 100 million people live, and guide the urbanization of around 100 million rural residents of the central and western regions in cities there, says the report. Read more...

10 million urban jobs

Premier Li said in his government report that China aims to create 10 million more urban jobs to ensure the registered urban unemployment rate does not rise above 4.6 percent.

7 million housing units

China will begin to build more than 7 million units of government-subsidized housing, 4.7 million of which will be in rundown urban areas, said Premier Li in his government report. By the end of this year, 4.8 million units should be completed.