Page:2016 Report on the Work of the Government.pdf/16

 Four-Pronged Comprehensive Strategy;
 * continue reform and opening up;
 * follow the new vision of development;
 * follow the general principle of making progress while working to keep performance stable;
 * adapt to the new normal in economic development;
 * follow the general guidelines that macro policies should be stable, industrial policies targeted, micro policies flexible, reform policies practical, and that social policies should ensure basic needs;
 * maintain a balance between ensuring steady growth and making structural adjustments;
 * ensure that the economy operates within an appropriate range;
 * strengthen supply-side structural reform;
 * accelerate the fostering of new driving forces for development;
 * strengthen traditional comparative advantages;
 * cut overcapacity and excess inventory, deleverage, reduce costs, and strengthen points of weakness;
 * strengthen basic safeguards for public wellbeing;
 * prevent and control risks.

By working to achieve all of these, we should get off to a good start in economic and social development during the period covered by the 13th Five-Year Plan.

The main development targets for 2016 are as follows:


 * GDP growth of 6.5% to 7%;
 * CPI increase kept at around 3%;
 * creation of at least ten million new urban jobs;
 * registered urban unemployment rate kept within 4.5%;
 * a steady rise in import and export volumes;
 * a basic balance in international payments;
 * increases in personal income basically in step with economic growth;
 * a reduction in energy consumption per unit of GDP of at least 3.4%;
 * further reductions in the release of major pollutants.

In setting a projected growth rate of between 6.5% and 7%, we have taken into consideration the need to finish building a moderately prosperous society in all respects and the need to advance structural reform. It will also help guide market expectations and keep them stable. The aim of maintaining stable growth