China’s tentative overall requirements and targets for economic and social development in 2005 was revealed Saturday in a report submitted to the National People’s Congress (NPC), the top legislature, to be examined and approved by NPC deputies.
The report on the implementation of the 2004 plan for national economic and social development and on the 2005 draft plan for national economic and social development, done by the National Development and Reform Commission, set the following requirements and targets:
— GDP growth around 8 percent. The target of around 8 percent is for China’s overall economic growth. Local authorities should set appropriate targets based on local conditions.
— Creating 9 million more jobs for urban residents and confining the registered urban unemployment rate to 4.6 percent.
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