Cabinet urges accomplishment of economic, social targets for 2017
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E-mail Xinhua, March 18, 2017
China's cabinet on Friday urged efforts to accomplish the goals of economic and social development set in this year's government work report.
All government departments should advance supply-side structural reforms, spare no efforts to implement every task strictly and deliver on their targets, said a statement released after a State Council executive meeting presided over by Chinese Premier Li Keqiang.
The report, adopted at the national legislature's annual session concluded earlier this week, targets GDP growth of around 6.5 percent, or higher if possible, and more than 11 million urban jobs to be created this year.
Efforts should be made to keep the economy "operating within a reasonable range," with relatively full employment, the statement said.
It stressed for good momentum in the economy, calling for continuity and stability of macro-economic policies.
Authorities should closely follow changes at home and abroad, take difficulties and challenges into consideration and handle them in a timely, innovative and proper manner.
Policies should be more targeted, flexible and efficient to unlock demand, facilitate opening-up and defuse various risks.
More work was ordered to cut red tape, overhaul state-owned firms and financial systems, and lower market thresholds for private investment.
The negative list approach, which identifies sectors and businesses that are off-limits for investment, should be adopted in more areas to improve market access.
The statement also called for more reform in the agriculture.
Policies to slash taxes and fees must be implemented faster to reduce the burden on small businesses, it said.
More is needed to develop a "new impetus" of economic growth, including strategic emerging industries and the sharing economy.
Detailed plans are required to create jobs, renovate run-down houses, and address the 70-year land use limit for residential properties.
Funds will be allocated to study and control smog, the statement noted.
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