REPORT ON THE IMPLEMENTATION OF THE 2014 PLAN FOR NATIONAL ECONOMIC AND SOCIAL DEVELOPMENT AND

ON THE 2015 DRAFT PLAN FOR NATIONAL ECONOMIC AND SOCIAL DEVELOPMENT

Deli阳'ed at the τ'hird S ession of the T;拙事bNational People'.r Co，扭tgress on March 5, 2015

National Development and Reform Commission

The officia1 version of this report will be released by Xinhua News Agency.

Fellow Deputies, The National Development and Reform Commission has b优n entrusted by the

State Council to submit this report on the implementa包on of the 2014 plan and on 由E

2015 draft plan for natiomù economic and social development to the Third Session of

theτ飞;velfi也 National People￥ Congress 肘PC) for your deliberation and for comments 丘om the members of 出e National Committee of the Chinese People￥ Political

Consultative Conference (CPPCC).

1. Implementation of the 2014 Plan for

National Economic and Social Development

Last ye缸:， in the face of a complex and volatile environment abroad and arduous

and formidable tasks involving reform, development, and stab且ity at home, all regions and government dep红也nents， under 也e correct leadership of the Cen位al Committee

of 也e Commurust P缸ty of China (CPC) and the State Council, adhered to 也e general work guideline of making progress while ensuring stab也可; followed a general

philosophy of keeping macro policies stable, making micro policies flexible, and meeting basic needs through social polic览s; and made coordinated efforts to ensure

steady grow也， advance reform, make structural adjl础nents， improve 出e standard of h咄:tg， and guard against risks. We .earnestly implemented the 2014 Plan for National Economic and Social Development approved at the Second Session of 出e Twelfth

NPC, carried out our tasks in a s旧e and steadfast fashion, and achieved good results in

all r，四pects. Overall, we sustained steady economic and social development under a new normal and successfully implemented 也e plan for 2014.

且胁 strengthened and improved macro-control and ensured stea命

economic performanc，ι

We created new and improved ways of car巧1ng out 主egu1ation at the macro level, took more targeted measures and enhanced structural adjustments on the basis of

range-based regu1ation, and ensured that the economy performed 切由in an appropriate

range

η The econ叫grew steadi，夕.

Fully leve呻吨出e fundamental role of consumption in driving economic growth, we implemented a comprehensive range of policies 创med at boosting consumer spending. Total reta丑 sales of consumer goods for the year rose by 12% and

consumption in information, elderly care, health, and other service sectors grew rapidly. Ma险J.g good use of the key role of investment, we launched major projects in

ecological conservation and en吐onmental protec包on， clean en巳rgy， agnα过阳风 and

water conservancy, and made innovations in 出e mechanisms for investment and

也lancing in key areas. Tota! fixed-asset investrnent for 也e ye缸 rose by 15.3%, of which

64.1% came ttom nongovermnental sources (excluding rural households). Giving play

to the suppor田g role of exports, we worked hard to stabilize exports while increasing

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imports. The to饵1 volume of US dollar-denoITÙnated imports and exports for the year

rose by 3.4%, and our international market share continuedωrise. Final consump臼.on，

capital fotma包on， and net exports were responsible for 51.2%, 48.5%, and 0.3% of econonnc grow由， respec包vely. The gross domestic product (GDP) reached 63.6 的血on

严钮， an increase of 7.4% over 也e previous year. 2) The e.哗炒脚'nt situation remai耐d stab!e.

We continued to implement a more proactive emplo严nent policy, relying on reform, econoITÙc growth, and sound policy measures toαeate and secure jobs. A p缸ticul缸

emphasis was placed on supporting university and college graduates in finding jobs or

starting 也eir own businesses, and on providing job seeking assistance for urban residents who are unemployed or having difficulty 缸ding jobs. An additional 13.22

million urban jobs were created throughout 也e year. The registered urban unemployment rate stood at 4.09% at the end of 2014.

3) Price grow劝 s!owed.

The consumer price index (CPI) rose by 2% for 出e whole year. We tightened

oversight over market prices and stepped up effortsωcounter monopolistic pricing, dealing wi出 25，000 cases of pricing irregularities and 血posing econoITÙc penalties of

4.47 billion yuan. We abolished a host of unreasonable ch吨es and fees levied by banks and other financial institutions, saving enterprises more than 40 b山lon归an.

4) Fisca! and financia! risks remained at a controJ!ab!e !eveL

We sttengthened and standardized the management of local government debt, reviewed and screened outstanding debts, launched 位ials för local gove.rnments to issue

也出 own bonds and repay their own debts, and s位en阱lened risk assessment and early warning 皿.tiatives. Focusing on industties with overcapacity, local gov，仅nment debt, informal credit, and Internet banking, we intensified efforts to monitor, assess, and identify risks wi也 a view to preventing regional and systeITÙc financial risks. In response

ωfluctuations in 仕le real estate market, we promptly adjusted and improved housing"related financial policies and improved related financial se!VÏces.

2. 胁 comprehensive1y de甲ened reform and openi唔 up and grea t1_

invigorated the market. We continued to c缸巧。ut a range of reforms related to government review and

approval, fiscal and tax systems, banking, investment, and pricin各 We also increased the pace of reform in education as well as medical and healthcare services. These initiatives

enabled us to inject new vitality and impetus into econoITÙc and social development.

η Ther功rm of the government review and仰rova! ry.脚阳continued.

Focusing on investment, production, and business operation, we cancelled or

delegated to lower-Ievel governments the process of government review and approval

for 246 items; achieving ahead of schedule 也e goal of cu位ng the number of items

requ凶ng government review and approval by one 也ird. In addition, we pushed forw缸d

comprehensive reforms in the business system, and the number of new与 registered

虹latket entities for 也e year totaled 12.93 million.

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刁 f丑'sca!， 帆 andftnancia!哺押时I脚're activ，吵户阳bedforward. We formulated and implemented an overall plan for deepening fiscal and tax

structural reforms. We extended the trials of replacing business tax with VAT to the

railway 世'ansportation， postal, and telecommunications services industries, and replaced

由e quantity-based resou亿e tax on coal wi由 a price-based one. We introduced new measures on 由，e procurement of services by the government. We raised 也e upper limit

on 也e floa由g range for deposit interest rates and reduced maturity br在ckets. We , also widened the floa出g range of the renrninbi exchange rate, allowing 此 to float more

k啡 Weme如此均 approached the lifting of restrictions on the establishment of

缸ancial institutions, and approved 也e establishment of five private banks. The 往:ial-run of the Shanghai and Hong Kong Stock Connect was officially launched. The

scale of renminbi settlement in cross-border trade and investment increased.

写) Break.扩'hro.叫ghs 脚're made in the 到价仰 of 劝'e investment rystem. Major steps w创'e taken to reform the system for the re况，ew and approval of

investmen.t projects. Further revisions were madeωthe list of inves田ent projects

req幽19 government review and approval. The number of projects requiring approval at 出e ministerial level was cut by 76% over 也e past tWo years. The system of

mandaωry government review for all overseas扣nded projects was replaced "甩出 a reporting-based system under which gove，口览nent review is only required in a limited number of cases. More than 95% of cases were only required to report to the

government. With the exception ofαses involving sensitive coun创es， regions, and

industries，也e requirement that overseas investment projects must be reviewed and approved by 出e government was repla饥cedw啊7甩itl也lnew 芷优eq凶由z阻α口nent岱sund命E芷 which P严，ro吟Je氏ct臼s 0叫nly川n臼创d tωo b忱E 纪呻po侃n配时ed onl曲ù

芷妃'ev吼iew and a叩pp伊芷0肝，val a低cc∞ount优ed for less than 2% of tl由le tωot叫al. A work plan was

introduced for reducing 也e number of items reqni血19 government review and approval, 但gulating intermediary services for investment projects, and reviewing and approving enterprises' investment projects online. Guidelines were formulated and implemented

for revamping t1le systems of investment and financing in key sectors and encouraging

nongov创nrnental inves也nent. Posi包ve headway was made in the reform of 也E

inves仗时nt and financing system for railways.

4) Pricii吧gr拚仰阳阴刷刷以We lifted price con位。Is over more than 700 low-priced medicines covered by

medical insurance as well as 50 goods and serl过ces in other sectors, such as medical services provided by non-public medical in础tutions and telecommunications services.

R必lway fteight transpo口 prices were changed 丘om being set by the government to

being guided by 也e government and a ceiling was imposed. Unified national railway

freight transport prices were raised once a织in. Benchmark passenger 也ansport prices

on domestic air lines were changed ftom being reviewed and approved by 由c

governmentωbeing determined by airline companies in accordance wit11 state pricing

rules. We launched pilot projects of guaranteed base prices for cotton produced in

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Xinjiang and so作eans in nor趾础 China and Inner Mongolia. We can:ied out 副

主eforms for the pricing of e1ectricity transmission and distribution on power grids in

Shenzhen and western Inner Mongolia. We introduced 包.ered priαng for residential water and gas cons回到ption and adjusted the price of non-residential natural gas for use

that was within 2013 levels. 5) Progress阳 made Ìi叫叫m 呼 5胁。制edEn;仰伊ises (SOEs).

Guidelines for reforming the remuneration system for execu世ves in central government enterprises were introduced. Pilot reforms were launched to reorganize central government enterprises as state-owned asset investrnent companies, develop a mixed-ownership economy, and standardize the boards of directors in central

government enterprises. Further progress was made in the merging and reorganization of SOEs.

的 SociaJ reforms抖出eded in 础时吨f由hion.

Guidelines for comprehensive reform of the system for the use of official vehicles were formulated, and were implemented first in the bodies of 也e CPC Cen世al

Committee and central government. Plans for a system of public credit records were

prom啕ated and implemen时， and mechanisms to enable different depa主trnen岱 ωshare credit informa包on and take joint punitive actions ag组nst those who act in bad f组th were improved. S粤此剧 progress was made in 出巳耐且bli如nent of a unified

registration system for immovable property. The reform of the school examina包on and enrollment systems was vigorously promoted. The plan for old-age insurance reform in

P红ty and government bodies and public institutions was promulgated as expected. The ma)o哟。f China's provincial-level a也出nistrative areas have established systems

enabling residents to settle medical bills incurred 扫 any locality wi也in that jurisdiction via their medical insurance accounts. Trials for the comprehensive reform of county-level public hospitals have been extended to over 50% of counties or

coun吁level cities throughout 也ecoun町·7)Ane.甜ph副e of r，呼。rm and openi，咆哈如as been i，制确ι

The s往ategy of developing 也e Silk Road Economic Belt and 21st Century

Mari白白e Silk Road entered the implementation phase, the construction of

ln企astructure was stren阱lened with a viewωachie世ng. better connectivity wi出neighboring coun世ies， and the opening up of markets in border areas and inland areas was expanded. The operation of 也e China (Shar喃ai) Pilot Free Trade Zone yielded transferable experience 阳t can be replicated in other reform projects. The utilization

of foreign capital was enhanced in terms of bo也 quali可 and strucωre. Non-financial fore笔n direct investrnent actually utilized in 2014 totaled US$119.6 b世ion， up 1.7% year

on ye缸. The proportion of foreign investrnent utilized in 出e service sector reached

55.4% of the total. Efforts were redoubled to promote intemational cooperation on

production capacity and encourage Chinese equipment to "go global," and good progress was made in initiatives to promote Chinese rail 位钮sit equipment, elec国city

generation, telecommunications, and energy on 也e international market. China's

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non-financial outward direct investment reached US$102.9 billion for the ye泣， up

14.1 %. A pattem of synchronous grow由 in inward and outward investment began to

take shape. 3. We accelerated industria1 structura1 adjustment and 说igorouslypromoted

economic 位'tinsformation and upgrading. Through exer包ng market forces and enhancing policy guidance, we sped up the

transformation of the economic grow由 model and gave new impetusω 也E

improvement and upgrading of the industrial s位沉tute.

I)New 加由加。可给s were 硝ade in inno，州'on.

Spending on R&D as a percentage of GDP reached 2.09% in 2014, with corporate R&D spending accounting for over 76% of 出e total. Cutring-edge innovations such 皑

白e Tianhe-2 supercomputer, super-hybrid rice，也e Chang' e lunar lander, and the

deep-sea manned submersible Jia 'Olong captuted gl'Obal attention. Breakthr∞ghs WI臼E

made in a number of key and core 能chn'Ologies and industrial applicati'Ons, cove血gthe

fields 'O f biology, intelligent manufacturing equipment, ocean en伊leering equiþment, regional airliners, mobile Internet, and broadband network eq山pment. There was rapid

development in s忧ateg:tc emer.伊19 industries, such as cloud computing, the Internet 'O f Things, and big data. Micro-innovation， α'Owd innovation, and other innova包ve and en位epreneurial models showed robust growth. The value-added of the high-tech manufacturing sector rose by 12.3%, four percentage points higher than that of industrial enterprises wi也 annual revenue 'O f 20 m血10n 严1an or more fi:om their main

business operations. 2) Goodh叫呵阳made in 阳"事rmtJ侃rgand 耳<pgradiiη伊-adi.阳aJindu.撒切s.

The technological upgrading of en阳prises in 往aditional industries was carried out vig'Orously. lnitiatives to adjust 由e distribution of key indus位ies and relocate industries ga由ered pace. Steady pr'Ogress was made in the elimina组on of excess production

capacity. Tasks set out at 也e beginning of last yearωelinlinate excess production capaC1巧T in 15 key industries were c'Ompleted as planned, effectiv而el与ycω口宜由制bin略g 由e blin e芷pa缸凯I扫1丽s剑ion of produ肌cti'On ca勾pacit守y; Imp 'Ortant gains were made in t山d卫吕也e c'Oal

industry around. 3) The ser飞'Jtce seCi如rsus.饱rined γ-apidgro，甜th.

New business 可pes and models displayed robust development. Cultutal and creative indus的es and design services were 岛rther integrated with related industries, andall让d-t'O-long-term development plan and three-year acti'On plan were introduced for the logistics indus町. The value-added of tertia巧 industry (出e se!V1ce sec叫

缸n'Ounted t 'O 30.7 位诩ion 严lan， increasing by 8.1 % over the previous year and

accoun出g for 48.2% of也e GDP, 5.6 percentage points higher than that of second优y

indus位y.

4)B明 i饵dustries and infrastru，伽cre de幌峙ed qi也均.

The coun町's comprehensive 国nsportation system was 缸rther improv1时，Wl由出E

ωtallen阱 of railway Iines and expressways open to traffic both exceeding 11 0,000

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kilometers. National internet backbone access points were built in seven more cities, and fiber optic broadband was made available to ano白白 30 núIlion households 0主 so.

The installed capacity of hyd芷upower facilities nationwide exceeded 300 núIlion

kilowatts. Major pro驴'ess was made in the exploration and exploitation of coal seam gas, shale gas, and deep-water oil and gas. Consttuction began on 57 of 172 m勾or water conservancy projects that have been planned. The first phase of也e cen也'al route of the

South-to-North Water Diversion Project was put inωoperation， provi也19dri由ng

water 企om 也e Yangtze River to 60 núIlion residents in the Beijing-Tianjin-Hebei

reglOn. 4. We bolstered the foundations of哩宜扭曲lra1 and ruraJ deve10pment 四d

made advances toward baJanced deve10pment bet胃een urban and rura1 areas

and between 11唔'ons.

Throughout 也e year we vigorously developed modern agriculωre， steadily promoted a new type of people-centered urbanization, op也nized the spatial planning of economic development, and took new steps in balancing development between urban and rural areas and between different regions.

1)电ricu!ture 础d rura! are，副 showedgood deve~仰而!tmomen;切m.

Investtnent related to agric叫ture， rural areas, and farmers was 岛主出，er increased, and 由e development of agricultural infrasttucture was supported. We oversaw the orderly ttansfer of land operation rights, leading to the ttansfer of around 30% of

contracted land-use rights in rural areas. We formulated an overall plan to con位。l

serious agricultural en世ronmental pollution，思丑delines on establishing demonsttation zones f01: ecological conservation and improvemen飞 a plan to reform state forestry

farms, and 思革命lines on reforming state fores町缸eas. Tot王Ù grain output grew for the

11 th consecutive year, teaching 607 núIlion mettic ωns. Production of agriculωral and sideline products, including meat, eggs, milk, fruit, vegetables, and fish, remained stable. We guaranteed the provision of safe 缸也总ng water for over 66 m血on mote rural

residents, renovated dilapidated houses for 2.66 million rural households, and reduced 也e number of rural population living in poverty by 12.32 million.

2)A 耐如盼e rif u:均创ψ伽犯甜<2s advaJ附d i:饥础町阳yetprudent 四rg.

We issued and implemented a natio叫 plan on a new type of urbanization, and carried out supporting policies such as a plan to reform the household regis位ation

system and a scheme for fulfùling 出e three tasks, each concerning 100 mi血on pe叩le:

granting urban residency to around 100 m血ion people who have moved to cities from

rural areas, rebuilding run-down areas and "villages" inside cities where around 100 m血ion people live, and guiding the process of urbanization of around 100 million rural residents in the central and western regions. Comprehensive ttials f01: a new type of

urbanization were launched in two provinces and 62 cities or towns. Standards for

classi年ng cities based on their population were fine-tuned. The percentage of the

population residing permanendy in urban areas was 54.77%. The percentage of the population registered as permanent urban residents is estimated to have reached 36.7%.

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烈地ional dev，咆脚nt b，町'i2me more balanced. We accelerated the implementatio.n o.f the ''Three Majo.r S国tegies": 由e Silk Ro.ad

Eco.no.mic Belt and 21st Century Maritime Silk Ro.ad ("One Belt and One Ro.ad"

S住在tegy); 也e coo.rdinated develo.pment o.f the Beijing-Tianjin-Hebei regio.n; and tbe

develo.pment o.f the Yangtze River eco.no.mic belt. We 缸alized plans fo.I advancing tbe

"One Belt and One Ro.ad" strategy, steadily launching pra萨latic coo.pera包o.n in a wide

range o.f areaιWe co.mpleted the functio.nal zo.ni吨。f 由e Beijing-Tianjin-Hebei regio.n and establish时也e plan fo.r its co.o.rdinated develo.pment, and made ini也I

breakthro.ughs in three key areas o.f integrated 往anspo.rtatio.n， enviro.nmental pro.tectio.n, and industrial upgrading and relo.cating. We issued and implemented gnidelines o.n s出口叫ating the develo.pment o.f 也e Yangtze River eco.no.mic belt, which 芷revo.lv，陀e 缸ou阻nd

making use of the Yan俘z妃e's role as a g伊o.lden wa就ter即wa叼瓦 and laun宜nched 也ep抖lan tωob由uildd a扭n lnt优eg驴'ta刽ted mu叫lt垃id凶dimensional 世a扭ns吵po.创f钮.tion c∞0倪，rrido.创r alo.ng the Yan俘ze River

eco.no.mic belt. A total o.f 33 key pro.jects fo.r 也e large-scale development o.f China's western regio.n were launched, representing a to.tal investment o.f 835.3 billio.n归an; and

a list o.f industries enco.旧aged fo.r develo.pment in 由e western regio.n was released and put 也to. effect. Guidelines concerning a number o.f major po.licies and meas山esω

suppo.rt 由e revitalizatio.n o.f no.rtheast China in the ne缸 future were issued, and progress was made in the 世ansfo.rma包on o.f ci包es o.nce dependent o.n reso.utces 也atare

now depleted. Con也lUed effo.rts were made ωestablish tbe central regio.n as a natio.nal integrated 位anspo.rt hub and as a center for productio.n o.f grain, energy, and raw

materials, and the develo.pment of modern equipment manufacturing and high-tech industries. The regio.ns' develo.pmental layo.ut co.nsisting of two. east-west and two. no.rth-so.uth eco.no.mic belts was furtber 加lpro.ved. The ecònomic t位ransfi岛ormatio.n o.f 也配e e则a创剧s挝tern r，配唔♂伊O∞n gained mo.丑no.旧o.m盹ne丽en芷m阳h飞

t也he Chinese ec∞0扫o.my. Increased econo.mic suppo.r且twa衍s pro.v讪ided fo.倪芷o.ld re白vo.lu飞ut包lona缸芷Y

bas优e a彼宜e创a鸟 E由nic minority areas, border areas, po.or areas, and especially con包伊o.usareas wl出 acute difficulties.

5. W坠 stepped up e.βvrts to conserve energj巧 reduce emissions, and protect

eco伊tems and the environmenι mak啤 the most s~伊ificant progress in t胁f唱-ard since the he，乒'nningof的e Twelfth Five-l告arPlan.

We continued to lay emphasis on energy conservatio.n and emissions reduction as

priority initiatives in chan伊1ß the grow出 model and making structural adjustments Out policies in 出is regard began to yield greater c田nulative effects.

η Remarkable re~础:r were achieved in eneψ co阳'ervation and emissions reduction.

We reduced energy intensi可 and controlled tbe inα'ease in to时 energy

consur刀ption. The share o.f non-fossil fuels in primary energy cons田丑ption reached

11.2%, up 1.1 percentage points over the previous year; energy consumption and

carbon dioxide emissions per unit of GDP dropped by 4.8% and 6.2% r，臼pectively; and

ernissions of sulfur dioxide, chernical oxygen demand, =onia nitrogen, and nitrogen

oxides declined by 3.4%, 2.47%, 2.9%, and 6.7%, respectively. Efforts ωmeet 出E

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energy conservation and emissions reduc柱on targets of theτ'wel臼1 Five-Year Plan

made progress on schedule. 2) Good仰伊ss棚made in e四10&如，ja;挽d刚刚刑四始Ipr;饰cti.盹

We made new strides in preven出g andcon位。llinga丘; water, and soil pollution. We

vigorously carried out a series of major projec岱 ainled at controlling pollution in key drainage basins, demonstrating the application of denitrification technologies in facili包es oth但也an power plant鸟 and con位olling air pollution in the

Beijing-Tianji时-Iebei region and adjacent areas; and fur由er improved mechanisms for regional coordination of pollution prevention and control. We accelerated the comprehensive prevention and control of pollu包on 丘om motor vehicles. The

percentages of urban sewage treated and household waste safely disposed reached

90.15% and 90.3% respectively. Water consumption per 10,000 yuan of value-added by indus町 totaled 63.5 cubic meters, dropping by 5.6%. We made enhanced efforts to

protect and restore major ecosystems such as wetlands, forests, and areas of biological diversity and richness; and continued to carry out ecological projects to convert

mar拚lal farmland back ωforest， turn grazing land back inωgrassland， protect vir，伊forests, and b回ld key forest shelterbelts. A total of 6.027 m血ion hectares of land were afforested

3) Further伊'Ogress 甜'CIS made i;饵鸭:rpondi钝且 to clima;如 change.

We promuJgated 也e National Plan for Respon也ngωClimate Change (2014-2020) , and issued the Chirla-U.S. Joint Announcement on Climate Change, stating 由at China ainls to achieve 也e peaking of ca主bon dioxide emissions around 2030 and to increase 出.e share of no扣fossil fuels in primary energy consur口ption to around 20% by 2030.

We intensively carried out pilot projects to enco田德e low-carbon growth in pro由.ces，

regions, cities, and indus回al parks; and made steady progress in developing a market for 也e trading of carbon emission rights.

6. We safe，思'1arded and improved peopJe's weDbeing and ensured sodal

harm，。可由'd stabiJjty. We focused our energies on meeting basic need乌 helping those in the greatest

difficul句; and improviug institutional building related to people￥ wellbeing. We remained commitred to doing eve巧也ing in our power to inαease 岛nding for areas

related to people亏 wellbeing， despite facing serious budgetary constraints. 1) L阳'mes contini时切由.

We deepened the reform of the income distribution system; promoted 也e growth of rural incomes through multiple channels; raised basic pension benefits for enterprise

retirees fo主也e ten出 consecutive year; and built up synergy between measures to boost

incomes and employment policies, to the benefit of the general public. Nationwide per

capita disposable income increased by 8% in real terms. Rural per capita net income

rose by 9.2% and urban per capita disposable income by 6.8%, both in real terms. The

ratio of urban disposable income to rural net income per capita dropped to less than

3: 1 for the fir创出口e in 13 years.

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2)τ'he socia! sqfety 槐et 曲州n础d 如 bra.制h out.

Social security coverage was comprehensively expanded. A total of 366 million urban residents have been brought under 出.e coverage of the basic old-age insurance; and 477 million rural residents have been covered by the new 句pe of rural old-age

1nS山ance. We implemented a unified basic old-age insurance system for rural and

nonworking urban residents, and raised 出e level of basic pension benefits provided

under the system, benefiting 143 million elderly people. The rates of p红ticipation in the basic merucal insurance systems for working and nonworking urban residents and the new rural coopera出Te merucal c缸e system all stood above 95%. We rud our utmost to provide post -rusaster relief and as8Ístance to Luruan and Jingg口， which both were hit by

earthquakes, and to 0出er areas hit by m功ornaωral rusasters. Post-rusaster recovery and reconstruction efforts progressed in an orderly fashion

3) Solid progress 甜as made i，饥 the 翩翩ctio饱 of governmenι叫sidi对d housi咯

Ma隘ng use of central government expenditur飞 corporate debt financing, and credit 旬nds， we provided addi包onal support to government-subsidized housing projects such as 由e reb田lding of run-down areas. Cons位uction on 5.11 million

government-subsidized housing ur世ts was essentialIy completed, and cons住口.ction on an additional 7.4 rr世lion ur让ts commenced.

4) Progress in socia! programs 制'S rtj岁tered across the 悦目d.

We continued t。如lprove 也e basic conditions of badly built and poorly operated schools providing comp曲。巧 education in poor areas. Projections put the retention rate of nine-ye红 compulso巧 education at 92.6% and the gross euro坠nent ratio for

senior secondary education at 86.5%. The proportion of rural students a也Il1忧:ed to key colIeges and universities continued to increase. We further improved the public heal也system and began ωinstall a standardized training syst臼n for resident physicians. A policy of allowing couples to have two children if ei出er pa芷ent is an only child was

implemented throughout 也e coun町. We accelerated 由e development of public cultural serviιes and basically completed the initiative to extend radio and television

coverage to ev臼y 甘llage in the coun町.刀le total nnmber of domestic toOOst trips made last year reached 3.61 b血on， up 10.7% over 也e pre咀ous year. Outbound trips exceeded 100 rr温lion for 由e very first time. We launched major projects in fitness and

elderly care, and increased the nnmber of nursing home beds to 26 per 1,000 elderly people.τbe sports industry and sports consnmption developed at an accelerated rate, with 67,000 new spo且s venues being built. We continued to 泣nprove recove巧 and care services for the disabled. The nnmber of service facilities for the disabled is estimated to

have reached 3,867.

In view of the performance of 也e targets projected in the plan, overall targets for

the national economy, such as the economic growth rate, the consnmer price index，也E

balance of payments, and employment levels, remained within the proper range; some U皂白 that reflect economic s位ucture and quality were further improved; 回:ge岱

concerning social development and people亏飞;vellbeing kept a positive momentum; and

9

饱rgets concerru口g resource conservation and environmental pro能ction were

implemented satisfactorily. Overall，出e planned targets were well met.

The 17 obligatory targets have all been achieved as planned. Among them，也e

target for rural land newly designated for construction and the target for land newly

designated for construction as a whole 缸e estimated to exce时也e fi思u:ès set at the

beginning of the year. The main reasons for 出is are twofold:

First, du且ng the post-earthquake efforts of recovery and recons位uc也on in Ludian, Yunnan, a portion of the land newly des粤lllted fo宜 construction was utilized in advance

in accordance with 也e law, so 出e proper procedures for this land use will be made up

for in accordance wi由 re伊lations.

Second, in projects to link 由e amount of urban and rural land designated for

construction to that of land returned to cultivation and in the efforts to reclaim land

from deserted industrial and mining areas, p红t of the quota for land newly

designated for construction was used to build housing for displaced rural residents.

After reclamation of the abovemen包oned deserted areas is completed, that land will

be used to of公民 the part of land newly des法nated for construction that was

requisitioned for rural residents.

The overall performance of the 40 anticipato巧 targets was in line wi也 or be由主

由an expectations, but some of them fell short of the planned figures. It should be

noted that anticipatory targe岱 are not predicted fi思町s; they are development

objectives 由at the coun忧y hopes to achieve and 缸e a reflection of its policy orientation.

The actual performance of 也.ese 阳:gets may be higher or lower 出an projected fig田es.

There are many cases of discrepancies between the performance of targets and the

a伊res projected.

F让st， some targets themselves 缸:e ce必ngs， so it is normal that actual performance

of such targets may be lower than the t缸geted figures. An example of this is the target

for the CPI. Second, some targets 红e set a little higher 由an estimated fi思u:es in orderωreflect

the orienta包on of ma口。-control policies, with the growth rate of reta且 sales of

consumer goods being one such t缸get. The acωal performance of these targets might

V红y a certain amount from targeted figures.

Third, some targets being lower than expected is due to uruque factors. For instance, because the size of China's economy increased after the 也ird national economic censu鸟

也e t缸:get for R&D spending as a percentage of GDP was slighdy lower than projected

a思u:e.

Fourth, uncontrollable factors such as changes in the domestic or international

economic environment may cause the actual figures of some targets to be lower than

projected. An example of 也is is how the sh彼p drop in the prices of major

commodities in 也e international market has caused the growth rate in 仕le to组1 volume

of US dollar-denominated imports and expor臼 to be slower 也an expected.

In short, in the face of complex international political and economic situations and

10

an increasing number of new problems and new challenges in China's development，也E

achievements 也就 China has made 由us far in economic and social development have

not come easily. They are the result of 出e correct leadership of the Party Ce口住过Committee and the State Counc且， as well 豁出e concerted efforts of all regions, aIl departments, and the people of aIl 0田 ethnic groups, and should aIl the more be fuIIy reco伊ized and cherished.

At the s缸ne 由ne， we should also be keenly aware that world politics, the econom:民

and geopolitics are closely intertwined; 由.e global economy is still under profound adjus位朋1t followi鸣也e intemational 缸扭C1剑出sis， and overall, it continues to recover slowly.

Domestically, the long-standing problems of unbalanced, uncoordinated, and

unsustainable . development remain unresolved; in its current 归咎。f development, China has to simultaneously deal with the slowdown in economic grow血， make difficult s位uctural adjus包nents， and absorb 出e effects of previous economic stimulus policies;

and there 红e many difficulties and challenges facing the economy. First, do.酬!ward阳ssure on economzc gro;商局 zs 切i城市且略. Gro'咱也 in ÌflVI凶忧nent飞咽坠cb

plays a key role in ensuting economic grow白， has con出lUed to slow back down;

consumer demand is having a difficult time ma尬19 significant increases; forei伊

d臼nand is unlik啡 to change for the better; and new grow出缸eas 1n consumer

spending have not yet been able to fill the gaps le丘 by old ones Seco饰， so幌e enterpr:如'es are having d~如u/;阳切如du，巾犯 and op阴阳s. The output

producer priαir由x (pPI) has continuedωfall; 也e expectation of deflation is getting s位onge写出.e cost of factors of production such as capital and labor is inα'eas1ng; 也ere

are still problems in the flow of credit funds to 出e real economy; the problem of small and micro businesses obtaining financing only at great effort and high cost h臼 not been

岛时缸nen臼lly alleviated; and enterprise profits have dropped markedl元 affecting 也e1t

confidence in the near-future market and produαng a non-trivial ripple effect on employment and people's income

T阮'rd， 加'(J is Oj附啡吨￥ i饵阳必如阳!i饵'dustries and a lack r!f ifj在c阳明协 i饵棚咂掣

ind旨strÌI以Resolving the problem of overcapacity is an 缸duous 钮sk that w诅 increase

pressure on society. There are too many rest芷ctions upon entering into emer，伊gindustries and modem services, and there is a clear lack of effective supply of some

goods or services for which there is a huge demand in the domestic market.

Fourh如， it is becomi1Zj且 more dil草帽!t to remo回扣浏阳胁时刷刷如你前sted interests ψIhen

tacklil怨劝e hard p r:oblems in re;♀rm. As China's reform is at a critical stage and in a

deep-water zone, deepening reform will involve more complicated conflicts and affect

more deep-rooted interests. Some reform plans need further improvement, and the implementation of some reform measures is far from satisfactory.

F胁， poll饵岳'al risks in some are，由制ed 附 C阳翩翩n. Adi平lstments to 也.e re:甘J. estat飞E

market face major uncertainties; different trends have emerged in the marke巳 credit

defaults have appeared in some enterprises; the amount of bad debt reported by banks

11

has increased; and economic risks 缸eemer伊Ig.

In addition, new problems have a1so cropped up in a伊.culture， fore邬1 trade, social work, people亏 wellbeing， ecologica1 progress, enVÏ!onmental protec包on， and workplace

safety. Faced 切也 these issues, we must keep a clear head and become more aware of any

possible crisis and the bottom line, then work hard to respond to and resolve them

H. General Requirements and Major Targets and Policies for Economic and Socia! Development in 2015

2015 is a crucia1 year for comprehensively deepening reform，也e first year for comprehensively advancing the law-based governance of 也e country, and the fina1 year

for completing 也e tasks set out in the Twelfth Five-Year Plan. 1n car巧mg out our economic work in 2015, we must comprehensively implement 也e guidelines of 出e 18也

Nationa1 Party Congress and the 也ird and four也 plen缸y sessions of the 18也 CPC

Centra1 Committee; take as our guide Deng Xiaoping Theory, the important thought of

Three Represen臼， and the Scientific Outlook on Development; and fully implement the

guidi吨 pnnαples from Genera1 Secret町XiJinpin的 m叫or speeches. We must adhere to the genera1 principle of making progress while ensuring s臼b也可; stay centered on

impro世ng the quali句 and performance of economic development; proactively adapt to 也e new norma1 in Chir泊's economic growth; keep the economy performing within an

appropriate range; and give high priority to 往ansforming 也e grow也 model and making structur过 adjustments. We must a1so tackle hard problems in reform; highlight the

importance of innovation as a force to drive development; s位engthen risk prevention and control; work harder to ensure people's wellbeing; and strive for sound and steady

economic development as well as social harmony and stability.

We will adhere to the genera1 principle of making progress while ensuring stability. The focus of our efforts to ensure stability 切11 be placed on keeping economic

performance stable, making sure 也.at 也ere are no major fluctuations in growth, employmen飞 and prices, and precluding the 臼nergence of regiona1 and systemic fmancial risks. The focus of our efforts in m法m在 progress will be put on making economic structural adjustments and deepening reform and opening up to ens阳 that

achievements are made in 位ansforminε 也e growth model and promoting innovation-driven development.

To meet these req山remen邸， and in keeping with the goa1s set out in the Twelfth

Five-Year Plan, we have set forth the mai丑剧:gets for economic and socia1 development

in 2015 as follows:

-Ensum乓g that the economy gro附 steadily

GDP is projectedωgrow by approximately 7%. 1n setting 由is objective, we have mainly taken the following into account: This growth 臼能在ccommodates 由e new

norma1 in economic development, reflects China's current potential for economic

12

grow由， 1s in line with market expectati'Ons, and can be achieved with hard w'Ork. At the same 由时， the recent few ye拙， c 'Orrelati'On between ec'On 'Omic gr'Owth and structnral

changes 'On 也e 'One hand and increases in empl'Oyment 'On the 'Other hand sh'Ows that an

ec'Onormc gr'O飞址1 of ar'Ound 7% would help create m 'Ore than 10 milli'On urban j'Obs. We

can d 'O be阳也an this if we pr，侃侃 ref'Orm and structnral adjustrnents 由'Ough

practical w'Ork. - Maintaining the basic stability of overaD prices The CPI is expected t'O inα'ease by ar'Ound 3%. In se创咱也is 'Objective, we have

mainly taken the f'011'Owing int'O acco四t: The prices 'Of major c'Ommodities in the

internati'Onal market may c'On出ue to remain l'Ow, there is an 缸nple supply 'Of main c'Omm'Odities at home, s'Ome manufactnring industries are suffering fr 'Om a combinati'On

of overcapa呻 and sluggish dema时，时也ere will be continning weakness in the 'Over必llevel of prices. In additi'On, we have als'O set tl出饭吃et t 'O leave space f'Or price

ref'Orm. -ImprovL吗g the quaJity and performance of the economy The syst明1S and mechanisms for prom'O田g innovati'On will be gradually improved,

and R&D spending 切11 be steadily increased. The contribution 'Of 由e value-added 'Of

strateg:Lc emer，伊19 indus位ies and the service sect'Or t 'O GDP w诅 con出lUe t'O increase, and the transformation and upgrading 'Of 也aditi'Onal indus时es will be accelerated. The

new type 'Of urbanizati'On will be carried out vigorously, and development between

different regi'Ons wi11 be be阳 c'O'Ordinated. Both energy ∞nsumpti'On and carb 'On di'Oxide emissi'Ons per unit 'Of GDP w迦 be cut by at least 3.1 %. Chemical oxygen demand 切11 be reduced by ar'Ound 2%, arm卫'Onia ni忧。gen emissi'Ons by 缸'Ound 2%, sul岛r di'Oxide emissi'Ons by ar'Ound 3%, and nitr'Ogen oxide emissi'Ons by ar'Ound 5%. 一 Continuing to ir.叩.ro附 the standard of living M'Ore 也an 10 milli'On urban jobs 切且 be cre矶时， and the registered urban

unemployment rate 切11 be kept wiiliin 4.5%. Pers 'Onal inc'Ome 切11 increase in step with

ec'Onomic development, and the rural populati'On living in p 'Overty will be cut by at least

10 milli'On. The social security system will be improved, the c'Overage 'Of 'Old-age, medical, and 'Other s'Ocial security services w巡 c'Ontinue t 'O expand, and the level 'Of

s'Ocial security benefits w诅 increase gradually. We切11 strive ωmake c'Ontinued progress in making access t 'O educati'On, healthcare, cultnral services, and 'Other basic public services more equitable. The natnral p 'Opulation gr'Owth rate will be kept under 6.5%0.

-Keepi乓g the equilibrium in the baJance of pa_严lents

T'Otal imp 'Orts and exports 响丑 increase by ar'Ound 6%, general trade and 伎ade in services will acc 'Ount f'Or m 'Ore of f'Orei伊的缸， f'Orei伊 investrnent utilized will remain

stable 'Overall, and 'Outward f'Or，创gn ditect inves由lentw诅 continue t'O gr'Ow rapidly.

To achieve these targets and make 'Our economic work f'Or 2015 a success, we must

ensure 也at the maα'0 p'Olicies 缸e stable, micro p'Olicies are flexible, and s'Ocial p 'Olicies

meet pe 'Ople's basic needs. We must make c'O'Ordinated eff'Orts t 'O ensure steady gr'Owth, advance ref'Orm, make structural adjustrnents, impr'Ove the standard 'Of living, and guard

13

ag♂nst risks. We must also continue to make innovations in and improve the way we

exerC1se re肘ation at 也e macro level, ens旧e 也e con出1Uity and stability of policies, and make sure that macro policies are 句z出er coordinated and work together to create

synergy. 胁时ru increase the vi泣。'r and e.蔚'ctÍveness of our proactÍve ñsca1 polides.

ηle government budget de fi.cit for 2015 is projectedωbe 1.62 出监on 归an， whlch is an increase of 270 billion yuan compared to last year, resulting in a defi.cit to GDP ratio of

缸。und 2.3%. Of thls amount, the central government defi.cit is 1.12 位迦10n 归an， and the rem创ning 500 billion 归an is 仕om local government defi.cit In addition, we w诅

allow local governments to issue an appropriate amount of special bonds. Ou宜fi.scal

policies w迎 be focused on the following 缸eas:

First, we w迦 continue to make structural tax reductions and cut fees across the

board. We will extend the trials of replacing business tax with VAT to the cons位uction，

real estate, financial, and consumer service industries. We will also make s回'e that 也e

tax 主'eduction and exemption policies for small and micro enterprises 缸e well

implemented. Second, we w迦 improve 也e structure of expenditures. Thls 机11 be done by giving

hlgh priori可 to agticulture, rural areas, and farmers; people's wellbeing; environmental protection; old revolutionary base areas, ethnic minority areas, border areas, and poor 缸eas; and key eco-functional zones, and by increasing support for financing 思larantee

for agticulture, rural areas, farmers, and small and micro businesses. We will continueω be econo血cal and strictly con位01 regul红 expenditures.

Third, we 明nn utilize government funds more efficiently. We will make innovations

h 也e way we use government funds, increase 也e intensity of 位eas田y cash management, and put 位easury funds on hand to good use.

1庇回dU implement a prudent monetaty policy that is neither too loose nor m嗜1u. Thls Y叫出e money supply M2 is forecasted to grow by around 12%, but

may be adjusted to a higher levelωmeet practical needs. We will carry out fme-tullÏ且g

at an 啊ropriate time and to an ap严opriate degree; stre咱也en t吨eted re阴阳，

coordinated supervision, and management of expectations; and maintain teasonably

ample 问凶.dity. Our monetary policy priorities w迎 be as follows: First, we w迦 effectively lower financing costs in the real economy. We will apply a

combination of quantitative and price-based regulatory toolsωgu陆 financial

institutions toward lowering ilieir interest rates on loans, so 由at interest rates in ilie

market move toward an appropriate level. Second, we w逝 support econOm1C restructu血宅， transformation, and upgrading.

We 机丑 use a combination of moneta巧 policy tools to guide financial institutions in

increasing ilieir credit suppo芷t for small and micro businesses, agriculω此， rural 红'eas，

and farmers, the central and western regions, and SOE mergers and reo耶nizations. We

W迦 give s位'Onger support to enterprise debt res位ucωring by appl归19 policies ta丑ored

to the丘 specific situations and types of debι

14

Third, we w诅 effectively prevent, control, and defuse financial risks. We' will tighten oversight over the real estate market, local government debt, shadow banking, mutual guarantee and guarantee chains, and cross-market 岛lancial products, and ensure that no systemic or regional 也lancial risks occur.

Fourth, we will steadily Iiberalize interest rates and improve 由e mechanisms for determining renminbi exchange rate. \1Ç电飞rill allow the pricing of more debt products

of financial institutions to be market-based and improve the central bank's 丘ameworkof adjusti 鸣 interest rates. We will allow the 芷岱en缸I血I

wh凶ile keeping i让t basically s臼ble a挝t 丘napprωopn且t优e， balanced level. 1庇研iU ensure our policies are weU coordinated and function together to

create 号但E号?在 We will manage supply and demand with equal impor钮nce， Iink toge出er indus位ial and competition policies, fully allow fiscal and monetary poliα，es to

play their role as major tools for economic adjustment, and hetter coordinate policies for consumer spendi咯 investment， industri叫 pnc吗 regions， la时， and en世'Onmental

protectton

First, we w迦 carry out all 也e policies and measures for expanding consumer

spending and ge创ng ltωfully play the fundamental role in driving economic grow由，stimulate reasonable increases in personal income, nurture and expand grow也缸eas in

consumer spending, and in守主ove 由e enVÍ!onment for consumer spending. Second, we will improve the system of goverru口ent public inves位nent， op也ruze

where and how government investment is used, enhance coordination and cooperation between budgetary investment on 出e one hand and developmental and policy-backed

缸ance， bonds, funds, and insurance on the 0出er， and use government investment to

attract and guide nongov臼nmental investment.

Third, in order to raise the core competitiveness of 0田 industries， we will attach

greater rmportanceωgiving inclusive incentives, removi鸣 obstacles， and strengthening re伊lation; improve i叫ustrial distribution and stren阱len guidance through plans; establish a sound mechanism for assessment and exit of production capacity; and

improve our institutions and mechanisms to be conducive to the development of a modern industrial system.

Fourth, we w诅 accelerate price reform, significantly narrow 也e scope of

government-set pric吨， and get prices to fully pl可 a leveraging role. We 机II explore ways to improve the pricing mechanism for agricultural products by car巧ing out 也E

创al reform of guaranteed base prices, and we w迎 implement policies of differentiated

and tiered pricing. 喉切且皑白驴hen price supervision and intensify law enforcement

efforts to counter monopolistic pricing in order to ensure fair compe面on between market players.

Fifth, we 切II improve our system of regional policies and arrange policies on a

smaller geographical scale so 也就 they are more precise and more tailored to speαk

local situatÎons. We will s位engthen interactÎon between re♂ons， rmprove 出e system of

providing assistance to less developed regions by p组ring tllem wi出 more developed

15

regions, ensure basic public services are more equitably avail必le between regions, and

make development between regions more balanced.

Sixth, we will stren阱en planning and management of land utilization, make innovations in policies and institu包ons， make good use of tl注明sting land designated

for cons位uction， and continue 缸lplementing still stric优r systems for protec位19 arable land and ensuring more econoruical and 组tensive use of land.

Seventh，飞咄咄11 set unified 目andards for market access in terms of energy, land, and W:且也r conservation, environmental impact, 优chnology， and safe可， strengthen evaluations of energy efficiency and environmental 血lpact; offer more 缸ancial and policy support to areas of energy conservation and environmental protection; and keep

IIDpro世ng ilie quality of ilie ecosystem and environment.

IH. Major Tasks for Economic and Sodal Development in 2015

This year we will carry out work on ilie following 吨ht 红eas:

1. Promoting domestic dem姐'd to give a 础。nger impe侃's to economic

growth

We 机H 宜ev up new en伊les for dri世ng econoruic development, promo忧也E

fundamental role of consumer spending and the key role of investment in stimulating grow由， and make sure 也at fluctuations in ilie growth rate do not weaken ilie good momentum of China's econoruic development and iliat 也e quality of our growili increases wi由 ilie size 0 f our economy.

1) we wil! promo;部 consu，嗣er 守endi嗯舰d 耳tpgrade its 耐翩翩 throUi纱帽说i岳j;oint s~φJjJort.

Total re钮il sales of consumer goods are expected to increase by 13% 血 2015.

First， 酬悦耳如Imote iJ阳咄es tl也 personal income t.加。耳且b 脚却倒 cha:钝阳Is. wc巳 W古II issue and implement supporting measures for deepening reform of 由e income distribution syst创丑. Basic pension benefits for enterprise retirees will be ~aised by anoilier 10%. We

will reform 出e old-age insurance syst臼n for employees of P:缸ty and government offices and public institu包ons， wbile at 出E 即时也ne improving ili四 pay systems. We

W诅 utilize ilie mechanism for increasing social assis切nce and social secutity benefits in

line wiili rises in consumer prices to ensure basic living conditions for iliose in need. Seco;时，酬施'1Ï1I acc，由础。时吃fforts 部钝删附剧由伊wth ar.阳 i扭曲阳棚'er spendin~且. We 可通

讯gorously promote consumer spen也19 血红eas such as elderly c缸:e， domes包c semces, heal出， information, toutÏsm, recre且tion， green produc臼， housing, education, cul阳re，

and sport乌 encourage non-government p红ties to establish and operate institutions 由at

pro引de services such as elderly care，自tness sernces, healili care, and medical care, and

accelerate ilie pace of implementing ilie National Broadband Internet Agenda and projects to expand broadband technology in townships and villages.

τ"hird， 脚切I1 improí阴 the environment fi旷曲制附 spen战略 We 飞品芭芭eed up 也Ile

establishment of a national unified system of codes for ratingcredit and a platform for

sharing and communicating information on credit, and make concerted efforts to

16

lnα'ease credit-related pur让shment. We 咄1 establish sound systems for morutoring and

主咯ula出g 由e qua且可 of produ邸， for tracking product production details, and for

reca监19 products, and intensi马T morutoring and regulation over the quality and safety

of on-line goods. We will improve the system for food and drug oversight and our

capacity for c缸巧ing out oversight, and resolutely crack down on the manufacture and sale of counterfeit and shoddy goods. We wil1 conduct special inspections to morutor

charges concerning education, medical car鸟 and tourism, give full pl勾 to the role of the 12358 hotline and website in handling price-宜dated complaints and mana胆19

information on pricing, and investigate and deal wi也 cases of monopolistic pricing and

prac包.ces of price fraud in accordance wi也 the law. 2) We will 伊'ork hard to sustain stea吵 growth in investmenιTo组1 fìxed-asset inves位朋It 1S

projected to increase by 15% in 2015. First， 阴阳万呻and eJ.知'ctive investment 钞 adopfi吨 a full ra.喀:e rf measu附". wc辄ew叨耐i丑诅11 1

c∞O∞O倪芷d也缸na乱耐优 al必l且l 祖袖尬I且时ld也s of governme刨n时t in盯m飞v咄v陀'es跚包缸恤I丑ner

non吕ove盯rru口en钮刨1 inves础位口nen创t tωo make su山1te tl出la就t ma勾)0创r p严roJe饥ct岱s a衍s s叩pe氏阳cαified in 由E

Twelft由h Five-Year P凹la阳I扫1 a缸芷'e completed and a number of new 如lportant projects 红E

launched. These new projects include major 也ansportation projec臼 to b出ld railways and highways 血也e central and western regions and develop inland wate即可s; major

p宜。jects involving information, elec位icity， 0盐， and gas networks; clean energy projec岱

and projec臼 ωensure supplies of oil, gas, and mineral resources; agricultural projects to improve water conservancy and develop high-yield cropland; projec也 related to scientific and technological iru1ovation and structural upgrading; projects concerning

people亏 we11being， such as those to rebuild run-down areas，芷enovate dilapidated houses, and b也ld urban pipeline networks; 在nd projec臼组med at energy conse凹ation，

en由onmental protection, and ecological improvement. Wi由 the focus on shoring up

o旧 weak spots, adjusting the econornic structure, and increasing 也.e supply of public goods and services，也ese projects are of ove蝉， fundamental, and strategic importance

to China's development, and will generate both short-term and long-term benefits. Second， 脚即;!! make innovatio即 in mechanisms to stimu!ate no喀'overnmental investment. We

W迦 improve the role of 位'easury funds in supporting investment. For industries 血competitive areas, we w迎 change our way of providing support from making direct

investments in specific projects ωestablishing investment funds in order to at田ct

nongovernmental investment. We 机11 actively encourage nongovernmental capi创 to

initiate and set up industrial investment funds and equity funds. We will be more crea"包ve in using goverrunent investment, encouragi吨 nongovernmental investment

into major projects by subsidizing investment, injecting capi时， and other measures.

Third， 脚 wil! gi即 fu!!pk歹却 the 归功吨g role rf bu也~tary investment. Appropriation for investment in the cen位al government budget 也is year is pl但med to be 477.6 billion

严mn. More of this investment w迎 be directed toward agriculture, water conservancy, railways in 出e cen时 and western regions, government-subsidized housing, major

infrastructure, ecological improvement, people's we11being, and old revolutionary base

17

areas, ethnic m血ority areas, border areas, and poor areas. We will reduce cen位al

government subsidies toward extensive local endeavors consisting of large numb巳rs of

minor projects, and make no more inves位朋1t to general projects in competitive areas. Meanwhile, we will s位印刷1en supervision and management of government funds.

2. AcceI.回哥也19 economic structural reform We will st豆ve to refine and implement exis出g reform plans and increase

coordination and coopera包on during 也e让 implementation in ord巳r to ensure that all reform measures 缸e put into effect. We will co丘ectly balance the relationsbip between

由e government and the market, move faster to establish a sound, unified, and open nationwide market system 也at ensures orderly competi世on， put forw缸d more reform measures to invigorate the market, and ωm 也e new benefits of reform into a new dt力ring force for development

1) 职é will如l(y ad，阳出 the lau吵副ed e出时碍。?!adminis，如-ativepo脚，二

We 切lllose no 出口e in formulating and impro材ng laws and re伊la包ons re伊也在

plans for development, inves位nent managemen飞 landm缸lagement， energy and mineral

resources, economic security, and other aspects, thus promptly consolidating our acbievements in reform 也rough the means of legislation. We 切丑 ffilprove 也E

mechanism for soliciting opinions from 也e public, conducting expert evaluations，芷iskassessments, and legality reviews, and c缸巧ing out collective discussions before making major policy decisions. We will establish a sys也m of baselines for a也由让strat1ve

discretionary powers regarding 出e review and approval of items and the imposing of

adr划nis位a包ve penalties. We will work hard to pr，α丑ote 住在nsparency m government

operations. We 切且由巳口供en constraints on and over吨ht over the exercise of power. 2) We 甜ill de机讨orm ofgo附阳刚刚iew and approvaL

We will cancel or delegate to lower-level governments the process of govemment review and approval for an additional number of items and fuJly sort out the items

req山rmgnon-a也ninistrative review and approval. We will greatly streamline prelir也naryreview and approval procedures, review and regulate intermediary services, and deepen reform of 由e business system. S位onger oversight w迎 be exercised over items and

projects during and after handling. We w迦 draw up a negative Iist for market access, and ensure pro性ncial-level governments release the丘 lists of powers and responsibilities

We will put more emphasis on cooperation between the cen世al and local authorities and coordination between relevant departrnents when ca町ing out our reform measures.

3)We 纳在press ahead切而 ent.呻rise riforms.

We will formulate guidelines on deepening reform of SOEs and car巧 out the

reform by their type. We will move faster to relieve enterprises of their obligation to

operate social programs and sol刊出世 longstanding problems in 出is regard. We 机E

develop mixed-ownersbip s位uctures wi由in SOEs in an orderly fasbion, and encourage and set rules for non-state capital in holding shares of 出e investrnent projects of SOEs.

We will continue to tighten oversight over state assets with tlle focus on state capi时，

18

and accelerate ttials of fonning corporations to invest and manage state capi也1. We will deepen s位ucωral reforms of electticity, pe忧。le回n， and natural gas industties. We w诅continue to op由IllZe 由e institutional en司ronment for developing 也e non-public secto鸟

and furtber open up market access to encourage and ßl且de more nongovernmental

capital into areas such as basic industties, munidpal public utilities, social programs, and 缸ancial services in order ωgive expressionω 也.e vitality and creati引ty of tbe

non-pub丑c sectot.

4) we 甜illpress ahead 弛'lith 呼m呼叫阳!/ and t.础 systems.

Except for 也ose dealing witb classified ma忧ers， we will make public tbe budgets and final accounts of all central and local departments. We will reform 出e system of

transfer pa严nents 仕om the central govetnment to local governments. We will review and standardize preferential policies such as preferential tax policies. We will levy

price-based resource tax on more resource products, speed up legislationωintroduce

en由onmental protection tax, and push forward revisions to the Law on Tax Co11ection and Adminis位ation. We will deepen reform of 由e system of compensation for 出e

exploitation of national mineral resources. We 切11 strengthen local governme创 debt

management.

5) we 切llensure b，脚步棚'CÌal servi.臼咱γ如何al eco嗣略

We will improve tbe system of multilevel capi时 markets and vigorously develop inclusive finance. We will step up efforts to develop sma11 and medium-sized fìnandal

institutions committed to serving small and micro businesses as we11 as agriculture, rural

areas, and f:缸mers; energetica11y push forward the establishment of private banks; deepen reform of rural credit cooperatives; and advance 也e reform of

government-sponsored development Hnandal institutions and policy-backed 缸ancial

institutions. We will establish the depos.投 lnS山ance system. W也 w迎 carry out 出e reform

of stock issuance registration, launch 往ials of equity-based crowd-funding, and increase tbe proportion of 曲ect finandng. We will explore how to set up outbound renminbi

cooperative funds. We will encourage Internet banking to develop in an innovative and standardized way. We will research and ro11 out new types of insutance such as major

disaster insurance and credit insurance, and support agricultural insurance in favoring

various new agricultural entities. 6) we 切'11 de给en rqàrm qf the i饵阳棚岱ta.饵dftnancing sy.踊m.

We 机11 vigorously promote reform of 也e project review and approval system;

build an online platform for reviewing, approving, and moruto血1ß lnvestment proJects, ensutlng 也就 by tbe end of 2015, project review and app芷oval procedures can be

handled online nationwide; and estab挂sh a mechanism for coordinating ove时快t over

investment projects. We will improve tbe relevant measures and detailed rules for 也白

白plementation for making innovations in tbe mecharusms for investment and

financing in key 缸'eas and encoura伊19 nongovernt卫ental investment; furtber open up market access for nongovernmental capital; formulate measures for man唱ng tbe

franchising of infrastructure and public utilities; and actively promote application of 也e

19

Public-Private p，缸钮ership (PPP) model. We will issue 也e Regulations on Government

Investment.

7) we will accelerate抖屈呻'rm.

We WilI re叽se 出e government pricing catalogue; stop setting prices for most medicines; 丑丘由e con柱。1 of purchasing prices for tobacco leaves, a portion of rail fares

and freight rates, rates and fees for some postal services, and charges for professional

services; and delegate to lower levels of government the powerωset prices for some

basic public services. We WilI extend to more areas the trial price reform of elec住icity

transmission and distribution. For non-residential consumption of natural gas, we 飞回Hunify 出e price of gas consumption within 2014 levels wi由出e price of gas consump柱on exceeding 2014 levels, and gradually lift control of 出e price for

non-residential gas consumption. We WilI refine en世onmental protection price policies. We w诅 implement tiered pricing for elec位icity， water, and natural gas used for

household p呻oses througho时也e coun町 We WilI make guidelines on reviewing and canceling all kinds of re，思也包ons and practices impeding the na包onal ur甜ed market and fair competition, and work hard to get rid of various types of market se伊lentat10n

and regional b缸ners.

8) we 切l! steadi!J 捕。"叫ead with 啡'rms 呼 the run归'nd land [Ys，慨

We WilI prudently car巧。ut trial reforms concerning rural land requisition，由E

marketization of rural collective land designated for business-related construction，也csystem of land used for rural housing, and the rural collective prope町 rights system. We WilI launch 国als of allowing ruralland-use rights to be used as collateral to borrow money, guide farmers in becoming shareholders of cooperatives and leading 创呻，nses

by con出buting th四 land-use rights, and develop approp血也ly scaled, diversifi时 farm

opera包ons. We will improve the system of unified registration of immovable proper勾T，

carry out the trial of determining and registering water rights, and advance price reform ofwa忧r used for agricultural purposes. We WilI fuIly deepen the comprehensive reform

of supply and marketing cooperatives, and move faster to reform state forestry fa宜ms

and areas, state farms b回lt on reclaimed land, and the seed industry. In addition, we also need to move ahead with instiωtional reforms in education,

sClence, t眈t仅cl:ln臼nolog肌y买， c 飞口由2

P芷ugress

3. Thoroughly implementing the s回!tegyofop出ngup

We w迦 act more quickly to make Chinese businesses more competitive in the

intemational m缸ket， allow expωts to effectively drive economic growtll, and expand

the scope and depth of opening up.

1) we 切'11give Ì;呻脚印 thes.如呻2了。四th in foreign 阳de.

We WilI improve the system for joint payment of export rebates by the cen叫 and

local governments. We will help cultivate brand names for export and overseas

marketing networks. We will improve cross七order e-commerce, market purchases, integrated services for fore~伊包:ade， and other new trade models. We will give

20

preferential credit to buyers of Chinese expor臼 in order to stimulate 也巳 export of

Chinese eq山pment， technology, and standards. We will improve policies 也就 promote

出E 位ade in services, expand the export of services, and increase support for efforts to undertake services outsourced by other coun倡es. We will adopt a more proactive

import policy, expanding 也e import of advanced technology, key equipment, and important parts and components.

2) we will raise the uti!i:ψ胁。f如增呻i切lto a 酣w level

We will revise the Catalogue for the Guidance of Industries for Foreign Investment.

We will encourage other par臼 of the coun町 to make use of the experience gained in the China (Shanghai) Pilot Free Trade Zone, and move steadily forward with the

building of pilot 伽 trade zones in Guangdong卢吼叫盹 and Fujian. We will focus on opening the service secωr and the general manufacturing secωr widerω 也e outside

world, car.勾ing out trials to open up 0旧自nancial sectoζand revamping 由e model of managing foreign debt. We will explore the management model of pre-estab豆shmentnational 位'eatment (pENT) plus a negative list, and improve the system for security reviews of foreign inves位nents. In 2015, forei伊 direct investment in China's

non-岛lancial sectors is projected to reach US$120 billion, which is simil缸 ωlast year. 3) We wil! raise 加φcze.町 andql嗣均呼 C悦阳} ou，柳州i棚翩翩.

We will move faster to b回ld a system for providi吨位lancial sen过ces to outward investment, expand 也e channel for using foreign exchange reserve鸟 and provide betrer 也lancia1 services, information services, legal services, and consulate protection for Chinese enterprises investing overseas. Wi出 the focus on the cons位uction of key and

iconic projec钮， w啊e 咀w叨甜7过赳滥i丑迦llc∞con创∞ntin

h同1世鸣i宅吕h恼飞lwaνm叫a勾ays严s， and nuclear power projects; deepen cooperation on energy and resources m出。由er countries; expand cooperation on equipment manufacturing, emerging

industri凶， ecological conservation, and enVÏ!onmental protection; and increase the pace of Chin约 production capa啕 and eq呻ment in "going globaI气 In 2015, China's

non-financial outward direct investment is estimated to come to US$l13 b剑ion， which is an increase of about 10%.

4) we 耻ill increase mu!J胁时'CI~ bilatera~ aiπdre.驴'nal eco拢。mzc叫m岳。t

We will put into practice 由e strategy of developing 也e Silk Road Economic Belt and the 21st Centu巧 Ma且也ne S监 Road， and build the China-Pakistan Economic Corridor and the Bangladesh-China-India-Myanmar 丑conomic Corridor. We will speed

up infrastructure connectivity with our neighbors. We will upgrade 出e China-ASEAN

Free Trade Zone, strive to complete the talks on regional comprehensive economic p缸m巳rship agreements, build 也e Free Trade Area of the Asia-Pacifìc, and c缸巧 on

negotiations of inves位nent agreements with 也e United States and the European Union.

4. AcceJerating the transformation of agriculturaJ deveJopment

In our efforts to develop agriculture, four bottlenecks ha'轮到ready emerged that we will have to face \\甩出白白e near future: the prices of domestic agric吐ωral products

already far exceed international prices, the costs associated with agriculture produc包on

21

缸'e ever increasing, direct subsidiesωag且，culture which fall into 也e wr。毛 "amber

box" 在re closeω 由elir咀t 也就 China agreed to when it joined 也e wro, and the impact

of agriculture on resources and the environment has set off a red warning light. We must accelerate the transformation of agricultural developme时， and embark on a path

of modern agriculωral development which ensures high yield and safe agricultural

produce, conserves resources, and is environmentally 丘iendly. In 2015, we w迎 keep

total grain output stable at 550 million metric tons or above. 1) we wil!i棚跚跚dimprovepo蜘 that St特制暇时~ture.

We will ensure 也就出e proportion of 也e cen住在1 governr口ent's budgetary

inves位nents to agricul阳re， rural 缸'eas， and farmers is at least kept at the same level as last year, increase efforts to carry out integrated planning for these funds, and make

their use more efficient. We will improve mechanisms that provide compensation for cropland protection and subsidize major g血n growing areas, and cond口ct 也ials of granting subsidies to large-scale grain growers, family farms, and other emerging agribusinesses. We will con由ue to implement 也err由由num purchase price policy on

rice and wheat, move ahead with the pilot reform of ♂Iaranteed base prices for cotton and soybeans, and improve 也e temporary purchase and stockpiling po且可 on maJor agricultural products and the management of their import and export. We will establish a sound system by which provincial governors are accountable for their pro世nces' food

security. We will make local governments stren阱len their grain reserves systems. 2) We 叨!l strength棚嘲耐rural础drural坤毗础阴阳i咖!ent

We will carry out work to demarcate permanent basic farmland throughout the coun町，. We will accelerate implementation of the national master plan for b田lding

high-grade farmland and the plan for increasing China's grain production capaαty by 50 million metric tons. We will cons位uct a number of new major pr啡cts to divert w毗

protect key water sources, and harness nvers and lakes. We will more quickly build auxiliary facilities and update water-saving devices in mediuin- to large-scale irrigation

areas, and advance the construction of small-scale irrigation infrastructure and water conservancy infrastructure. We 叨11 comptehensively implement the project to purchase and stockpile grain to ensure its supply and security, and support the building of gr剧silos wi也 capacities of 50 million me位ic tons. We 切11 intensi命 efforts to address

serious problems in 也e agricultural en飞nronmer扰， and comprehensively improve the rural living environment. Safe 也妇刘ng water w迎 be made available to another 60 m血ion rural residents. All-out efforts w迎 be made to deliver electricity to all

households without power supply. We will make great effo宜ts to b出ld rural roads in the

westαn region and in contiguous poor 缸eas. We 切II rebuild run-down houses for 3.66

口业lion rural households, and make coordinated efforts to renovate rural houses to

make them more e红白quake-resistant.

3) we 切ïl阳de;毗呼础jt;刷刷阳'tlla梆梆棚t

We will improve the indus世ial organization of agriculture and the mechar让sms for

balancing the interests of farmers and enterprises, and integrate 也e development of

22

primary, secondary, and tertiary indus的es in rural areas. We will work harder to

promote innovation in agriculωral science and technology and spread the use of new

agricultural techniques, machinery, and tools. We will coordinate 也e construction of

gr:础， co忱。口， oilseed, sug缸 αop， and vegetable production centers, and encourage

standardiz时， large-scale, and intensive Iivestock, poul坷; and aquaculture farming. We W诅 encourage the local conversion and proαssing of grain in major grain-producing

areas. We will support the cons位uction of national seed cultivation and production

centers. We will also s位engthen the fishe巧 adminis位ation.

5. Promoting transformation and 叩ogradi晤。，f the industríal structure

的rough innovation

We 机11 rely on innova包on， develop new produ邸， models, forms of business, and industties, raise 由e core competitiveness of our indus忧ies， and advance the push

toward rnid- and high-end industties

1) we willJ均 impleme附加剧也y rf innovation-driven de四年'ment.

We project spending on R&D as a percentage of GDP 切丑 come to 2.2% 血 2015.

We 机11 op白血ze and integrate sdence and technology programs (spedal projects and

岛nds) 缸anced by 也e central government. We will launch regional ttial reforms to promote all-around innovation. We will improve polides on equity-based incentives for

making innovation, and accelerate 由e reform for managi鸣也e use and transfer of sdentific and technological advances and the profits derived 丘om them. We will extend

也e policies which have been proved mature in the ttials of national innovation demonstra包on zones, and fully implement preferential polides such as extra deductions

for R&D expenses. We will scale up state seed funds for enco旧a伊g the application of

s出ntific and 优chnological advances. We will move faster in car甲ng out key national sdentific and technological programs and plan a number of 叫or science and

technology projects, major programs, and national innovation platforms.

与刁n肌F防♀ 伊will bω阳饥阳0阳盹阳os‘J川F

n Wewi丑诅11v咀19伊orouω1览s1坊y develop the inf，岛0芷ma烛a剑110∞n ec∞onomy， and promot优E 旬11 inû优:egra必.tio∞

of tl由le infi岛orm且t柱ion industry wit由h 往aditi∞ona纠1 indu郎1阻st回rie臼s. We will formulate an "Internet

Plus" ac包.on plan， βupport the integrated development of cloud computing wi也出c

Internet of Things and the mobile Internet, and foster 也e artifidal intelligence indus町­We机II implement major innovation projects in biomedicines, civil spaαinftastructure，

同 data， high-end eq呻men飞 next-generation information networks, new materials, new-energy vehicl邸， aircraft en伊es， and gas 1J.由ines. We 切II advance 由c

development of national defense咀lated science, technology二 and industties by integrating 也e military and civilian sectors. We will set up s臼.te seed funds for

investment in emer伊19 industties. 3) we will a~础mte the tran.功rmation and upgrading rf 阳ditional industri此

We w迦 implement 也e "Made in China 2025" strategy. We will introduce a

three-year action plan for enhancing 也e core competitiveness of our manufacturing

industties. We will focus on makin在 breakthroughs in core .technologies in key areas,

23

such as industrial robots, r必位ansit equipment, high-end vessels and ocean engin优血g

equipment, new-energy vehicles, modern agricultural machine巧; and high-end medical appliances and medicines, and promote 也e industrial application of these technologies

We will coordinate the implementation of major projec臼 on nuclear powe鸟 hydropower，

and large coal and coal-power bases. We will accelerate 也e adjl础阳lt and op由也zation

of industries ~甩出 overcapacit民 work harderωphase out outdated production capacit民

and encourage enterprise mergers and reorgauizations. We will encourage businesses to

engage in technological ùpgrading. We will con恤ue working toωm 也e. coal industry around.

4) We wi!! make the service sector be加 ab!e to 呻"Port economic gro.毗.

We will fully implement priαng， fìscal，组五， and land policies to aid 出e development of 出.e service sector, deepen the comprehensive trial reforms in 出is sector, introduce a

statistical categorization of producer services, and formulate policies and guidelines for the development of cons四ner se!V1ces. 鄂、 w巡 energetically develop producer services

such as industrial design and fìnance lease, vigorously foster and develop high也ch

services such as R&D, systems integration, intellectual property rights, and inspection and tes住宅， and promote the integrated development of services wi也 manufacturing

industries. We will improve mobile payment infrastructure and trusted transaction

services, and advance 也e development of e-commerce, logistics, and express delivery se町ices. We will move faster in building a backbone network for the circulation of

agricultural products nationwide. We will irnplement the mid-to-Iong-term plan and the 由'ee-year action plan for 也e development of the logistics indus町; de啡late p过ot cities

for innovatively developing modern logistics, build national demonstration logistics

parks, and support building a shared logistics information platform.

5) we 审ill时捕由 the 嗡êctÌi阴呻"P!Y 呻aciry 0/ Í;啡出饷确~re a，侃 basic indu.由此

We 飞归丑 move faster to b回ld railways, especially in 也e central and western regions, and promote the systematic development of intercity raillines and urban rail transit. We 飞;vill workωensure 也at 也ere are no national expressways left ha唔ng unfiuisl叫 and

rebuild botdenecked sections of ordinary national and pro世ncial trunk highways so 出at

they are capable of accommodating more traffic. We w诅 unprove 也e development of high-grade inland wat臼ways. We will advance the cons位uction of civil avia包on

infrastructure such 豁出enew 位port in Beijing. We 机II accelerate the development of

facilities for coal transportation and electricity transmission and pipelines for oil and gas

transmission, actively develop hydropower, safely develop nuclear power, vigorously develop wind power, solar energy, and biomass energ民 improve 也e development and

utilization of natural gas, and increase 也.e propor包on of clean energy and renewable

energy resources in total energy consumption.

岳• Improvir.毛'g the pa，岱ern of economic deveJopment between different reglOns

We will give full play to the comparative strengths of different regions, foster and

expand new grow出 poles and new economic support zones, and comprehensively

24

promote coordinated and balanced development between different regions.

1) we 曹ill 非ctive!J carry out the t，如何'e key 市'tJte.&如:伽阳民1fY of rJ.酬峙吨 the Silk Road

Econ棚'ic Be.让 and tl如 21就 Q创町 Mari.岳阳e S ilk Road, the s，衍仰1fY of pr酬。如皂白时ïnai时

develop.拙ent 呼指e Be.曾i饵rg-Tia.功也-Hebei 罚拚饵， and the s衍耐:gy 切切ild an e，铀悯栩如 deve.峙ment belt

alo.哩伽咀嚼飞e Ri.仰.

We 切11 ensure 也e completion of tasks and projects prioritized in 2015 in implemen由g the s忧ategy of developing the S且k Road ECbnomic Belt and the 21st Century Mari恼ne S过k Road. We 切H 宜oll out guidelines for the coor也ated

development of the Beijing-Tianjin-Hebei region, and provide support for 出e region to ri1ake substantial bre且kthroughs fust in integrated 位ansportation， environmental

pro也ction， and industrial upgrading and relocating. In addition, we will intens均

institutional reform, s出口制len innovation-driven development, car巧 out 回到s and demonsttations in districts and fields mee出g certain conditions, and relocate functions non-essen包al to Beijing亏 role as 出e capl臼1 away from 也e city in a proactive yet prudent way. We will formulate the 思:údelines on building the economic development belt along

也e Yangtze River; accelerate 出.e development of an integrated multidimensional

住在nsportation corridor and a green, ecological corridor all along the belt; start cons位uction of major projects in an orderly fashion , including upgrading the major

waterways and building docks and quays alo咱也e Yangtze River; establish demonsttation zones for accepting relocated indust由s; and 民t up joindy-built industrial parks.

2) we 切'11 fu4如 c呵。ut the 棉田阳阳t唱如 γψ时阳i哗ment and the st.毗1fY 如v

functional枣阳忌

We will refine and fum up the policies and measures concerning large-scale development of the western region which are appropriate under 出e new conditions, 钮d 岛出er open up border areas and inland areas to 由e outside world. We will roll out

the guidelines on all-arou口d revitalization of northeast China and other old indust血1

bases, and fully 血lplement m功or near-term policies and measures for revitalizing northeast China. We will formulate a new ten-year plan on boosting 也e rise of 也e

centtal region, and b臼ld comprehensive ttansport networks and hubs in the region at a faster pace. We 机11 support 由e eastern region in leading the way in instiωtional

innovation 创med at economic 位ansformation and upgrading. We will promote orderly development of new districts in urbanization. We will continue to car巧 out national

trials and demonsttations for developing function zones, improve the policy framework for integrated, complete reforms，但d establish sound mecllanisms for monitoUnεand

giving early w:缸rungs on 由e car巧ing capaci句 of resources and the environment. We

will also energetically develop the marine economy. 3到) 职肌E 审圳i过说11 盹酬唰饨耐虱伽伽悦阳饥阳e ω 5啪耐 t如~he 品阳忍剧"四呻e巾邮h峙>pm阳阻t时呼

We will sup冉po创rt t由he economic and soclal d命ev，咄elopmen创t of X沮1n呻jiang， Tibet, and the

Tibetan e由nic areas ID Sichuan, Yunnan, Gansu, and Qinghai province鸟 and provide

effective one-to-one assistance to designated areas. We will accelerate the upgr且也在 of

25

cities once dependen.t on reso时ces 由at are now depleted, and push forward wi由也E

reloca由19 and rebuilding of old industrial areas wi出血 αties and independent indust扫al

and núning areas. We 机11 formulate guidelines and planning for supporting 由E

development of old revolution红y base areas. We will con出口e to promote development

in contiguous poor 缸eas as a whole in order to help alleviate pover勾T.

4) we will acti;吨 adval附加酬。pe呼的a抵制'on.

We will carry out the plan On urbanization 明白 the focus on three tasks, each

concerning 100 million people: granting urban residency to around 100 m迦ion people who have moved to cities from rural areas, rebuilding run-down areas and ''v.血ages"inside cities where around 100 million people live, and guiding the process of 旧banization for around 100 nú迦on rural residents in 由e central and westem regions

We will. coordinate efforts in c叫吨。ut comprehensive pilot projects for advancing the new 可pe of urbanization nationwide and in launching 国als for comprehensive

reform in small and medium-sized cities, and we w迎 explore the establishment of mechanisms for sharing the costs associated with helping people 仕omrural 红.eas who have movedωιities become urban citizens, of we11-regul且ted， diversified, and sustainable mechanisms for investment and financing to ensure funding for urban

development, and of new models of adnúnis位ative mana在eme刨出at encourage innovations and reduce costs. We will improve the overall distribution of areas 由at are

undergoing urbanizatio口， formulate planning for αoss-provincial city dusters, and promote 出e coordinated development of ci勾T dusters in key regions. We 机11 move faster to cons位uct multi-purpose networks for underground pipelines and facilities for flood prevention and rainwater control in cities. We切11car巧 outp丑。t projects in more

cities and counties to replace multiple plans for local development '1;训出 one master plan. By 也e end of 2015, 55.77% of China's population is expected to be comprised of permanent urban residents, and 37.9% is expected to be comprised of registered urban

residents. 7. Mai挝'ng unremi.创'ng efforts in energy conservatioJ缸，但挝'ssions reduction,

low-carbon deveJ.叩meni乌四'decolo咂cal础d environmental protection In addressing problems concerning 由e enVlronment, we w诅 con出lUe to treat root

causes, conduct monitoring and regulation over 也e whole process of production, and enforce severe punishments for viola柱ons or danlage to 也e environment. We will attach greater importance to green, circular, and low-carbon development so as to improve the ecosystem and environment of China and build a beautify coun位y.

1) We 审ill i;仰棚 the syst.棚sforpr酬。如~ ecol0.伊lprogress.

We will issue and imp卢lemen时tg伊u臼lÌde制eline臼so∞na阳Cαcele.臼:ra叩础d由1口鸣19 e仅ωc∞010唔gical adva缸m主nce

0∞nt也he basis of r，妃'es优ea缸芷'ch， form叫ate a plan for implementing the structural reform fo芷

promo出g ecological progress and a sy阳m for setring targets for ecological

improvement. We will establish demonstration zones for enforcing compensa包on for

ecological damage and for promoting ecological p芷ogress. Compensation for ecological damage will be levied on a trial basis at key water so出'ces， in major drainage basins, and

26

across drainage basins. We willlaunch pilot projects to promote a cap-and-ttade system

for emissions. We 机11 s位engthen the protection of mudflats and improve the management of their developmenιWe will car巧。ut ttials of a丑owi.ng enterprises to

commission a tl世d party to tteat 出eir pollution, and provide special financing for

enco田aging energy efficiency and provide green loans for environmen钮lly responsible

businesses. We will explore 也e inttoduction of compulso巧 enVl!onmen饭1 pollution Iiab诅ty insurance.

2) Wewills.悦'ct/y con;阳! both en即;gy t;仰nsity and 问'tal棚ergy consuJJ，华郎n.

We will con包nueωimplement 也e early-warning and reßl出ω巧 system for energy

conservation and emissions reduction, tighten conttol over energy intens町 rmprove

management of total energy consumption, and stticdy evaluate 出e performance of

energy conse凹ation targets and correspondingly pursue accountability. For 缸.eas

affected by severe smog，宜egions where conse1"'l心19 energy is difficult, and industties with overαpac町 we will stticdy conttol the number of energy-ir阳lsive projects and put into effect policies for coal use reduction and for replacing some coal use with

alternative ene韧 sources 眼 will continue to launch key energy-conservation projects and pilot and demonsttation projects 也就你n to establish a circular economy.

3) we 切!l strcngthen pollution 由民阳I and e曲地calpn。如ction.

We 切11 fully implement the ten measures on con位olling air pollution as stipulated i旦出巳Air Pollutiön Prevention and Conttol Action Plan, implement the action plan for

preven也19 and con世olling water and so丑 pollution， and sttengthen efforts to prevent and con位。l 位 pollution in key 红.eas and water pollution in key drainage basins and sea areas. We will promote clean and efficient use of coal. We will accelerate efforts to increase 出e quality of refined oil products. We will remove more high-emission vehicles fi:om roads. We will redouble efforts to conttol 出e factors causing sandstorms, tteat so丑

erosion, prevent the spread of stony deserts, improve 出e geological en世ronment 1n

mining areas, and protect ecosystems on grasslands and farmlands. We will launch a new group of projects to return mar胆lal cultivated landωforests or grasslands and m阳 projects to develop forests for ecological conservation. 1n 2015, we will return an

additional 667 thousand hectares of cul盯ated land to forests or grasslands, and afforest SlX ffil皿on hectares of land. We will 甘gorously develop energy conser可ation and

environmental protection industties. We will advance desalination and comprehensive utilization of seawater.

4) we 审ill active/y add;γess c.切ate cha哩e.

We will implement the 1nterim Measures fo主也e Management of Carbon. Emission

Rights Trading, and conttnue the p过ot programs and demonsttations of low-carbon

development. We 机II intensify South-Sou出 cooperation on climate change, and play a

cons位uc包ve part in the 2015 United Nations Climate Change Conference in Paris. 8. Work逼到!g"harder to ensure and improve peopJe's weJJbeing

We will integrate our efforts to improve people's wellbeing and invigorate social

and economic development, and increase 也e 1nves位nent in and effective supply of

27

public goods and services. 1) we 切11 take 四ell-tai咆ted st.中 to 跚跚咆 e呻均拙盹'1.

We will implement and improve policies to increase employment and

entrepreneurship, and encourage individuals to start their own businesses and make innovations. We will 旬lIy car巧 out the prograr口 for promoting the 臼nplo严nent of

college and university gradu眼s and guiding college and university students in 蹦出在up businesses，但d provide vocational skills 位剑ning to rural rnigrant workers. We will increase our assistanceωgroups who have di伍culty in finding a job; properly solve 也c

issue of resettling and providing emplo严nent to workers laid off due to SOE mergers and reor伊血zations，也e phasing-out of excess production capacity, or the shutdown of

outdated production facilities; and implement and improve the poli巧 on usmg unemployment ins田ance 缸由 to support enterprises in ensuring job opportur让ties.

2)We 施'lill Ì;呻rove the social securi(y !J'邸m.

We will formulate an overall plan for deepening refo口口 of the old-age insurance

system and, at the appropriate time, launch 世ials of commercial pension schemes that allow for deferred pa严nent of individual income tax. We will raise govemment

subsidies for 也e new rural cooperative medical c缸'e system and 也e basic medical insurance for nonworking urban residents 丘。m 320 yuan to 380 严lan per person per year and also increase the annual individual con位ibution 丘om 90 归an to 120 归an per person. We 切11 introduce major disease insurance for rural and nonworking 1由an

residents and the system of emergency assistanαand tempor缸y assistance for disease 位eatrnent across 也e coun町， and intensify efforts to pro札de medical assistance for

也ea恤ent of major and critical diseases. We will improve 出e subsistence allowance system for both urban and rural residents and the social security policy for farmers whose land has been expropriated. We will raise subsidies and living allowances for

entitled groups. We will establish a sound mechanism for supporti吨 recove巧 and

reconstruction efforts in areas hit by catas也ophic natural disasters 3) we 甜ill becrJme bet.如rable 切providepublic services.

We 机Hαeate new ways for providing public services, and expand govemment procurement of public services from nongove口unen组1 sectors. We will continue to develop community-level faιilities for emplo严丑ent and social secuti句r services. We will continueωimprove the basic conditions of bad与 built and poorly operated schools in poor areas, accelerate the development of education in ethnic mioority areas, improve 出e system for providing aid to students from poor families, ensure that 出e children of

rural rnigrant workers in cities have the same access to compulsory education as local urban children, advance reform of the school exarnination and enrollment systems, and

speed up the integration of vocational education with indus位y. In 2015, regular

institutions of higher learning are planned to enroll seven m血ion undergraduate

students and 797,000 graduate students. We will car勾r out comprehensive reform of

county-level public hospitals nationwide, expand comprehensive trial reforms of public

hospitals in cities, improve policies and measures that enco山age nongovemmental

28

investment in the running 'O f medical instituti'Ons, and c'Ontinue t'O devel'Op 也e system

'O f medical 阳vices c'Overing b 'Oth urban and rural ru:eas. We 机11 vig'Or'Ously devel'Op

位aditi'Onal Cbinese medicine. We w沮 raise annual per capita g'Overnment subsidies t'O

basic public health services fr'Om 35 yuan t 'O 4。如an， with the entire addi柱。nal sum in

rural 红eas t 'O be used f'Or pa声宅也e basic public health services 丘'Om rural d'Oct'Ors. We

W迎 accelerate devel'Opment 'O f the system 'O f m 'Odern public cultural services, better

pr<臼erve valuable cultural and natural heri臼楼， and quicken ref'Orm and devel'Opment 'O f

the culture indùs往y as we11 as public cultural initiatives thr'Ough 也e press and publishing;

radi'O, film, and televisi'On; and literature and ru:t. We will pr'Om'Ote 出e fl'Ouris汹且g 'O f

phil'Os'Ophy and the s'Ocia1 sciences. We will stea也ly carry 'Out 位也Is f'Or a system 'O f

nati'Onal pru:ks. We will s位'engthen infrastructure f'Or t 'Ourism, and supp'O眈 the

devel'Opment 'O f new m 'Odels 'O f t 'Ourism. We 机11 intensify devel'Opment 'O f the system

f'Or elderly services. We will quickly establish a nati'Onal database f'Or. basic p'Opulati'On

inf'Ormati'On. We will build m 'Ore rec 'Overy and cru:e facilities f'Or pe 'Ople wi也 disabili包es

and facilities f'Or children's welfru:e. We will red'Ouble eff'Orts t'O devel'Op 由e public

service system f'Or prom'Oting nati'Onal fitness.

4) We 即i!! make ii旧制。na! inn刷刷刷切 strength帽附加c胁呼government-，呻sidi对d

ho描切忌

We will pr'Om 'Ote the use 'O f direct m'Onet彼Y h'Ousing subsidies t 'O pe 'Ople displaced

by the rebuilding 'O f run-d'Own ru:eas , and enc'Ourage mur让cipal g'Overnments t'O utilize

multiple means t'O increase the supply 'O f public rental h 'Ousing s'O出at m 'Ore pe 'Ople in

urgent need 'O f h 'Ousing can 缸d new h'Omes as s'O'On as p'Ossible. We w丑1 basically

c'Omple忧也e ren'Ovati'On 'O f run-d'Own 缸eas in state f'Ores位y ru:eas and 'O f dilapidated

h 'Ousing 'On. state f'Ores位y fru:ms. In urban ru:eas , w 'Ork 'On 4.8 m血i'On

g'Overnment-subsidized h 'Ousing units w姐 be basically c'Ompleted and cons忧ucti'On w诅

be伊'On an additi'Onal 7.4 milli'On units, including 5.8 milli'On units t 'O be rebuilt in

run-d'Own ru:eas. We 叨丑 give tru:geted guidance and adapt measures tail'Oredωspecific

l'Ocal c'Onditi'Ons in 'Order t 'O vig'Or'Ously supp'Ort 也e pe'Ople's demand f'Or first h 'Omes 'Or

sec'Ond h'Omes if their first h 'Omes are inadequate, and spur 由e steady and. s'Ound

devel'Opment 'O f the real estate m ru:ket. We机11 strengthen e芷change and cooperation 明白 H'Ong K 'Ong and Maca 'O in 缸'eas

such as the ec 'On 'Omy and trade , and basically realize 出E 且beralization of trade in

services with the two regions by the end 'O f 2015. We will supp'Ort H 'Ong K 'Ong in

elevating its position as an internati'Onal 缸ancial， shipping, and trade cent时， and

pr'Omote the long-term prosperity and stab也ty of its economic and s'Ocial devel'Opment

as we11 as the steady improvement 'O f its pe 'Ople's we11being. We will supp 'Ort Maca 'O in

bec'Oming a w 'Orld t 'Ourism and leisure center and in building a platf'Orm f'Or facilitating

business and trade co 'Operati'On between Cbina and P'Ortuguese language c'Ountries, and

w迎 supp'Ort appr'Opriately diversi今mgl臼 econ'Omy and pr'Om 'Oting its sustainable

devel'Opment. We will expand and deepen exchange and c'O'Opera柱'On in a11 fields

between the mainland and Taiwan , q山ckly c'Omplete the f'011'Ow自up talks 'On 由e

29

cross-S位aits Economic Cooperation Framework Agreement, and promote economic

integration for the mutual benefit of all. This year we have an additional important task to perform: on the basis of

soliciting a wide range of opinions and drawing on the wisdom of the people, we must

formulate theτbirteenth Five-Year Plan f01: National Economic and Social

Development and complete 由e preparato巧 work for submitting itω 出e Four也

Session of the Twelfth NPC f01: deliberatiön.

Fellow Deputies, Accomplishing all the work for economic and social development in 2015 is an

onerous but 血portant task. We WiIl ur让te even closer around tbe CPC Central

Committee with Comrade xi Jinping as General Secretary, hold high the great b缸mε宜。f socialism 切th Chinese charactetis包cs， take Deng Xiaoping Theo.巧， tbe important

tbought ofThree Represents, and tbe Scientific Outlook on Development as our guide, implement 出e guiding P应由ples 丘。m General Secretary xi Jinping's major speeches, williogly accept the oversight of也e NPC, and seek comments and sugges咀ons 仕omtheCPPCC National Committee witb an open mind. We WiIl pool together our hearts and

our energy in striving to achieve all the targets set out in the Twelfth Five-Year Plan and promote sustainable and sound economic and social development.

30

τables a回dFi军阻res

1. PerforI盟ance oftbe 岛置创圃 Ta:rgets i阻 t迦e 2014 Plan fo:r National Economic and Social Development

Projected Actua1 No Targets Type Unit Performan四

Figures Figur臼

1. Econo血ic Development

1 GDP A剧'.磁"'y 吗 Upabout75 Up7.4 In pr'叩町 rnnge

2 Primary Industry -司...，.， % Up3.5 Up4.1 In proper range

3 S四ondary Indus往y A副司阴阳'" % Up7.6 Up7.3 In proper range

4 Including: Industria1 sector Antici阳"'" % Up7.4 Up7.0 In proper田1ge

5 Terti町y Indu由y A皿"中""" % Up8.3 Up8.l In proper range

Output ofMajor Industrialand

Agricultural Produc臼

Be配r世m

6 Grain -，ψ..." Mil1ion 抽血 Over550 607.10 projected

7 Cotton -，协- MilIiontons 6.30 6.16 Asprojec如d

Better也扭

8 M巳副 Antici归，.，. MiIlion tons 86.00 87.07 proJ目ted

9 Raw coa1 Antie粤.. ", Billion tons 3.73 3.87 As proj回国

Be忧巳"由缸110 Crude oil -呻a阳y Millionω田 2回 5 21 1.43

projected

Be忧:er 世lan

II Na阳ral gas ""，，，ψ""'" Bil1îonM3 125.0 130.2 projected

12 Electrici可 Anti~阴阳y Trillionkwh 5.7500 5.64% As proj国ted

Domestic Demand

Basi四lly 由

13 Tota1 fixαi-asset investment Anticîpatory 问 Up 17.5 Up15.3 proJ自ted

31

To国] retail sales of consumer B副l四l曾回14 ^""，阴阳y % Up 14.5 Up 12.0

goods projected

External Economic Ac时vity

Lower也an

15 To阳I importand 四:port volume Antic申- 。yo Upabout7.5 Up3.4 proJe由d

16 Inward foreign direct investment ^'"陋- BiIlionUS南 121.7 119.6 As projected

17 Mid- to 10ng-tenn foreign debt M币cip醺"" BiIlion US$ 46.0 46.5 As projected

18 Outward foreign direct

BilIìon US$ Anlic 归阳y 99.2 1但 9 As projected investment

Price Level

19 CPI (previous y国俨100) An甜"P'细， About 103.5 1但 0 In prope:口ange

Fiscal & Financial

Revenue in 由egen巳ral pub1ic Be现er 也留1

20 Anticip田园? % Up8.0 Up8.6 budget projected

Expendi阳回皿也e general B国1回lly 臼21 Anticipaωy 目 Up9.5 Up8.2

public budge地 projected

Trillion Same 出

22 Fisca1 de!icit A皿C阴阳y 1.3500 1.35∞ 沪剧a projected

Money supp1y M2 grow也B西E国Jlyas

23 Antieiparory 回 About 13 12.2 projected

II. Social Develop皿ent and

People's WeUbeing

PopuUatioD and Public H.alth

24 女Year-end total population Oblig:血'" BiIlion Within 1 .3臼59 1.36782 Accomplished

25 Natura1 popu1ation growth Obligatory %。 Wi也in 6.5 5.21 A阻。mplished

Percentage of permanent urban Be忧erthan

26 Anticipatory % 54.6 54.77 residen臼 proJec幅d

Percenta昌;e of registered urban Basica11yas 27 Anticipatoty % 37.1 36.7#

residen臼 projec能d

32

Number ofhospital/heal街 Sameas 28 Anticipatory 4.78 4.78#

làdli飞y beds per 1,000 peop1e proJec他d

Number of service facilities 岛r Better也an

29 Antici阴阳y 3,855 3,867# peop1e with disabilities prOjeC组d

Perc甜tage of由e rural Same描

30 population with access to safe A圈。归舱" % 94 94# drinking water proJe<;能d

Education and Scientific &

Technologicallnnova甘0.

31 食Retention ra恒 during nine-ye盯

Ob'伊放览y % 92.6 92.6# A四omplishedcompul四ry education

Gross enrollment ratio for Sameas 32 Antici阴阳y % 86.5 865#

semor s曰:on由ry education P呵。ct国

33 Regular under卫:raduate

Anti，剑''_''

eurollment Million 6.98 7.214 As proj田优d

34 Graduate enrolhnent -，醉"'" MiIlion 0.802 0.805# As projec旬d

Spending on R&D 田 a Basically 回35 A皿cipatOf)' % 2.17 2.09

P巳rcentage of GDP proJ回回

Number of invention patents per Better也3D36 Antic丰富田y 4.76 4.85

10,000 r，臼iden阳 pr'叫ect国

Employment and Income

Betterth四37 Newly created urbanjobs ""面cipatory Million Qver 10,00 13.22

pr，创ected

Registered urban unemployment Betterthan 38 Antici在- 出 Wi也in4.6 4.09

rate pr，创ect国

Bette汇由四39 Ru血1 per capita net inωme ""僵呻阳γ % Up about7.5 Up9.2

proj四时

40 Urban per 四pi阻 di平osable

Arni，ψ侃创丁V % B由1阻llyas

Up about7.5 Up6.8 mcome projec旬d

Social S盹町i句

食N田nb町 ofurhan residents 41 covered by the basic old-age 。如.ligatmy Million 352.60 365.68 Accomplished

四sur田lce system

Number of rural residents Betterthan 42 covered by 也enewtype of AnticipatOly Million 475 476.54

rural old~age iDsurance system proj时2时

食ConstructÎon on urban 43 govemment~subsidized housing Obligatory Mi1lion Over7.00 7.40 Accomplis巾。d

unÍts started 坦白ey国r

33

111. Resource Conservation and

Environmental Protection

女Energy consumption per T晒。f嗣咄咄

Down atle筒吨44 Obligatory

α)3)/10;。ω"也 Down4.8% Accomplished unitofGDP 3.9'11

女Carbon dioxide emissions per Tons/lO,ooO 45 Obligatl:町 Down4.0%, Do、NIl 6.2% Aα;omplished

unitofGDP 归田

女Watl町 consump世on per 10,000 46 yuan of value-added of Oblîgatory m' 64.5 63.5 Accomplished

indu描y

L缸ld newly designated for 1,000 47 Oblîgatory 533.3 6ω 0# Ac四mplished

construction hectares

l'剧。

48 Including: ruralland 。blîgl也饵亨 440.0 48ó.7# Accomplish国hec饱res

1刑。

49 Including: cultivated land Obliga田y

hectares 300.0 3∞0# Accomplished

1 ，ωo 50 Increase in to阳1 fannland oh 但缸览y 300.0 313.3# Accomplished

hectares

1刑。

51 Land reclaimed 量。m也e sea αb""监双丁V 25.5 22.8# AccompIished hectares

52 女Sul缸r dioxíde emissions Obligatory 1 ，∞oω'OS Down2 时也 Down3.40% Accomplished

53 女Chemical oxygen demand Obliga田y 1 ，000ω阳 Down2 的也 Down2.47% A回omplished

54 女Ammonia nitrogen emissions Oh""号但可V 1,OOOtons Down2.0% Down2.90% Accomplished

55 女Nitrogen oxide emissions Oblig由w 1，回0ω阳 Down5.0% Down 6.70010 Accompl臼，hed

Percen阳在e ofurban 四wage Better也回

56 Antieípatory % 89.3 90.15 tre副ed projected

Percent."l:ge of时也an household Better 曲曲

57 Anticip倒"" 目 88.0 90.3# waste sa在ely disposed proJec能d

Notes: 1. There ar飞， 57 臼rge臼 listed in the above tab1e of the 2014 p1an for nalional economic and

social development, arnong whic泣 there are 40 anticipatory targets and 17 0削弱tory targets.τhe

11 targets marked with 食缸e obliga!ory t回gets set forth 脏也e Twelfth Five-year P1an for National EcoIlomic and Social Development ofthe People's 飞Iblic ofC怡诩d

2. Anlìcipatory 组rge也 are 邸)1 predicted figures; !hey are deve10pment objectives that 也ecountry hopes 10 a必ieve and are a reflection of its policy oríentation to guide the activities of market players. The 胆创al perfon丑alìce of these t副棋13 may be higher or lovγ世 than projected figur'臼. Obligatory t田gets represent the government's promises to the people, and must be achieved.

3. The figures marked wi世1 # are the estimated figures for 2014; the fina1 actua1 figures of these targe也 forthe ye盯盯e sti11 pending verification and re世sion by their re1evant deparlments.

34

P.阴阳t

10

9

8

7

6

5

79

2. GDP Growtb

73

7.4 73

却13 Qua血r 1 Quar阳 2 Qt盟国 3 Quar恼 42014 Quar睦 I Qt血统"， 2 Quart磁 3 Q田Z悟4

Source: National Bureau ofStatistics

耻自Ilioll.

14

13

12

11

1串

3. Urba阻 Jobs Newly Created

20豆1 主岳豆2 主母13

So田四: Ministry ofHuman Resources and Social Security

35

13，立立

201垂

US$b菌ÎOIl150

4. No卧Fi盟a血ciallnwa:rd a宜adOu伽rard

Foreig黯 Dired Investment

1.20 116 豆豆7.6

90

60

30

。

119.6

21111' 2011 2013 2014

因h酣睡FDIActu密哼E由主zed 画 N，四E胁ncialSed:on

函G时酣睡FDI 组N晒岳丑陋_andalSect晒

So町ce: Minis的I of Commerce

5. Value-added of the Se:rvice Sector as a Percentage of GDP

F世ce瞄

§串

49 48.2

48

47

46

45

44

43

42

41 2011 20直立 2自13 201'自

Source: National Bureau ofS在atistics

36

6. Dedine i盟 EnergyC。因S随即ptio阻 per 盯阻it ofGDP

20U 2眼12 20星3 20豆4告

-1

-2

3

时4

-5 -在事

-6

l'erce皿t

80田'ce: National Bureau of8tatistics

7. MajorPo盟殴ta盟t Emissions Unit: million lons

8u1也r Chemical Ammonia Nitrogen Year

Dioxide Oxygen Oemand Nitrogen Oxides

2011 22.179 24.999 2.604 24.043

2012 21.176 24.237 2.536 23 .378

2013 20.439 23.527 2.457 22.273

2014 19.744 22.946 2.385 20.78.

80ur四: Ministry of Enviromnental pr悦目tlOn

37

8. Increases i因 Urban and Rnral 1盟comes and tb.e Ratio ofUrba圆 E阻com母 to Rural Im:ome

YU四

绍，∞o

100perc田t

30，1αlO

25，由。

却，∞o

15，∞o

10，∞o

丑，()(如

。

24,564.7

21,809.8

3.13 310

2011 2012

~{油幽如臼E地位豁晤。础.leln带时

E睡皿b旺。 ofU由an1nc幽应如丑....11忽咄咄e

Source: National B时随U of Statistics

29,381

26,955.1

3.03 2.97

8,895.9 9,892

2013 却 14

iIZ楼草草剧a1Pe雪C句放组Net如血lI11e

9. Urban Govern血eI直在-subsidized 盟。因S险恶 Projeds and Re固ovation of Rural R圆圆-dow盟睦。因si因g

Urban Government-subsidized Housing

(million units) Renovation of Rural 飞的ear Run-down Housing

Completed Started (million 削阶

2011 4.32 10.43 2.65

2012 6.01 7.81 5.60

2013 5.44 6.66 2.66

2014 5.11 7.40 2.66

Source: Ministry ofHousing and Urban-Rural Development

38

3 曲

3.30

3∞

2.40

2. 10

1 回

10. Central Governmení B阻dgeta巧r Invesíment i阻 2015

&唱.. 作 10，of lf!Ð醋町As酷$徊dE也幽"匍剧音件As国S

&丑'‘

EaergyCon蜒的在链础，

ED‘毡'岱隐ent对苦苦@胧0000.酷dEco-胁g"磁

h呻师vem础管 c.vo阳脏础舍5IIbsidized

E室。程"撞霉街。fjectsudIirbtw. !nfnll$trucl钮re

1γ'.8，}也

M碍。rJnfrastrud町@11.4%

Agricu战~程建脚，d Wiliter c.险$宿节鑫豁口一

E翠位毯5由llctUirE

28.互协

Source: The National Development and Ref01m Commission

39