Page:2018 Report on the Work of the Government.pdf/4

 trillion yuan, registering average annual growth of 7.1 percent; and its share in the global economy has grown to roughly 15 percent, up from 11.4 percent. China's contribution to global growth has exceeded 30 percent. Government revenue has increased from 11.7 trillion to 17.3 trillion yuan. Consumer prices rose at an average annual rate of 1.9 percent, maintaining a relatively low level of growth. More than 66 million new urban jobs have been added, and our country, with its population of over 1.3 billion, has achieved relatively full employment.

Over the past five years, the structure of the Chinese economy has seen a major transformation.

With the share of the service sector rising from 45.3 to 51.6 percent of the economy, consumption's contribution to growth has increased from 54.9 to 58.8 percent, becoming the main driver of growth. High-tech manufacturing has achieved an average annual increase of 11.7 percent, and the annual grain yield has reached 600 million metric tons. China's urbanization rate has risen from 52.6 to 58.5 percent, and more than 80 million people who have relocated from rural to urban areas have gained permanent urban residency.

Over the past five years, innovation-driven development has yielded fruitful outcomes.

China's investment in research and development (R&D) has grown at an average annual rate of 11 percent, ranking second in the world in scale. The contribution of technological advances to economic growth has risen from 52.2 to 57.5 percent. In manned spaceflight, deep-water exploration, quantum communications, large aircraft development, and more, China has seen a stream of major outcomes of innovation. In high-speed rail, e-commerce, mobile payments, and the sharing economy, China is leading the world.

The Internet Plus model has permeated every industry and every field. Business startups and innovation are thriving all over the country, and the average number of new businesses opened daily has risen from over 5,000 to more than 16,000. Rapidly emerging new growth drivers are reshaping China's growth model, are profoundly changing the way we live and work, and have become a new hallmark of China's innovation-driven development.

Over the past five years, significant headway has been made in reform and opening up.

In reform, we have made strong moves across the board, secured major advances in many areas, and driven deeper in pursuing progress, making breakthroughs in reforms in important fields and key links. Reforms to streamline administration and delegate powers, improve regulation, and