A review of our work in 2019 and the first few months of 2020
❶ The economy remained stable overall
►GDP reached 99.1 trillion yuan, growing by 6.1%.
►13.52 million new urban jobs were added, and the surveyed unemployment rate was below 5.3%.
►Consumer prices rose by 2.9%.
►A basic equilibrium was maintained in the balance of payments.
❷ The economic structure continued to improve, and the development priorities of regions are better aligned
►Total retail sales of consumer goods exceeded 40 trillion yuan.
►Consumption continued to serve as the main engine driving growth.
►For the first time, permanent urban residents exceeded 60 percent of the population.
New growth drivers became stronger
►Business startups and innovation continued to surge nationwide, with an average net increase of over 10,000 businesses per day.
Major headway was made in reform and opening-up
►We cut taxes and fees by 2.36 trillion yuan, going well beyond our target of 2 trillion yuan, with manufacturing and micro and small businesses benefiting most.
►Regulations for the implementation of the Foreign Investment Law were adopted.
►The China (Shanghai) Pilot Free Trade Zone Lin'gang New Area was established.
❺ Pivotal progress was achieved in the three critical battles against poverty, pollution, and potential risk
►Decisive achievements were made in poverty alleviation—the rural poor population was reduced by 11.09 million, and the poverty headcount ratio fell to 0.6 percent.
❻ Living standards continued to improve
►Per capita disposable personal income topped 30,000 yuan.
►The number of students in compulsory education receiving living allowances increased by almost 40 percent.
►Enrollments at vocational colleges grew by one million.