BEIJING, March 5 (Xinhua) -- Following are the highlights of a government work report distributed to media ahead the annual session of the National People's Congress (NPC) Tuesday morning.
MAJOR TARGETS FOR 2013
-- Gross domestic product (GDP) grows about 7.5 percent.
-- Consumer Price Index (CPI) increase will be kept around 3.5 percent.
-- A deficit of 1.2 trillion yuan (190.48 billion U.S. dollars) is projected, 400 billion more than the budgeted figure last year and accounting for 2 percent of GDP.
-- Add more than 9 million urban jobs.
-- Keep the registered urban unemployment rate at or below 4.6 percent.
-- The government will work to ensure that real per capita income for urban and rural residents increases in step with economic growth.
FISCAL AND MONETARY POLICIES FOR 2013
-- China will continue to implement a proactive fiscal policy. The government will give priority to education, medical and health care, social security and other weak areas that are important to people's wellbeing.
-- China will continue to implement a prudent monetary policy. The target for growth of the broad money supply (M2) is about 13 percent.