Fellow Deputies,

Our achievements over the past five years did not come easily. We owe them to the broad vision and correct leadership of the Party Central Committee and the concerted efforts and arduous work of the whole Party and the people of all ethnic groups in China. On behalf of the State Council, I extend my sincere gratitude to all workers, farmers, intellectuals, officials, and members of the People's Liberation Army, armed police and public security police. I extend my heartfelt thanks to the people of all our ethnic groups, the democratic parties, people's organizations and leading figures in all sectors of society. I express my sincere thanks to our compatriots in the Hong Kong Special Administrative Region, the Macao Special Administrative Region and Taiwan, as well as overseas Chinese. I also extend my sincere appreciation to foreign governments, international organizations and foreign friends that have shown understanding for and supported China's modernization drive.

We are keenly aware that we still face many difficulties and problems in our economic and social development. In particular:

-- Unbalanced, uncoordinated and unsustainable development remains a prominent problem.

-- There is a growing conflict between downward pressure on economic growth and excess production capacity.

-- Enterprises' operating costs are increasing and their capacity for innovation is weak.

-- The growth of government revenue is slowing down while fixed government expenditures are increasing.

-- There are potential risks in the financial sector.

-- The industrial structure is unbalanced.

-- The agricultural foundation is still weak.

-- Economic development is increasingly in conflict with resource conservation and environmental protection.

-- The development gap between urban and rural areas and between regions is large, and so are income disparities between individuals.

-- Social problems have increased markedly, and many problems in the areas of education, employment, social security, medical care, housing, the environment, food and drug safety, workplace safety, and public order affect people's vital interests. Some people still lead hard lives.

-- There are many systemic and institutional obstacles to developing in a scientific way.

-- The transformation of government functions has not been fully carried out, and some areas are prone to corruption.

Some of these problems have built up over time, while others have emerged in the course of economic and social development, and still others have been caused by inadequacies and weaknesses in our government work. We should have a strong sense of responsibility toward our country and people, work harder and solve these problems more quickly in order to meet people's expectations and never let them down.

II. General Requirements, Major Targets and Macroeconomic Policies for This Year's Economic and Social Development

At its Eighteenth National Congress, the Party scientifically reviewed its work over the previous five years and the historic achievements since its Sixteenth Congress, set forth the objectives of finishing building a moderately prosperous society in all respects and deepening reform and opening up in an all-around way, and laid out an overall plan for advancing the cause of socialism with Chinese characteristics.

The year 2013 is the first year for fully carrying out the guiding principles of the Party's Eighteenth National Congress, a crucial year for continuing to implement the Twelfth Five-Year Plan and an important year for laying a solid foundation for finishing building a moderately prosperous society in all respects. China remains in an important period of strategic opportunities during which much can be accomplished. There are many favorable conditions and positive factors as well as a number of risks and challenges for China's economic and social development. The profound impact of the global financial crisis persists, and the recovery of the world economy is full of uncertainty and not yet on a stable footing. We should realize that the situation is encouraging and so remain confident; but also that it is complex and so be mindful of adversity, have a keen sense of urgency, and industriously and earnestly do our work well.

The general requirements for this year's work are:

-- Thoroughly study and fully implement the guiding principles of the Eighteenth Party Congress.

-- Hold high the great banner of socialism with Chinese characteristics.

-- Follow the guidance of Deng Xiaoping Theory, the important thought of Three Represents and the Scientific Outlook on Development.

-- Take developing in a scientific way as the underlying guideline and accelerating the change of the growth model as the major task.

-- Focus on improving the quality and performance of economic growth.

-- Deepen reform and opening up.

-- Implement the strategy of making development more innovation-driven.

-- Make progress while ensuring stability.

-- Blaze new trails in a pioneering spirit.

-- Get off to a good start.

-- Comprehensively promote socialist economic, political, cultural, social and ecological progress.

-- Achieve sustained, healthy economic growth and social harmony and stability.

The major targets for this year's economic and social development are:

-- Increase GDP by about 7.5%.

-- Better coordinate development.

-- Hold increases in the CPI to around 3.5%.

-- Add more than 9 million urban jobs.

-- Keep the registered urban unemployment rate at or below 4.6%.

-- Ensure that real per capita income for urban and rural residents increases in step with economic growth and that work remuneration rises in step with increases in labor productivity.

-- Further improve the balance of payments. (more)

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