Sixth, the public cultural services system constantly improved. We steadily pressed ahead with cultural projects to benefit the people such as the extension of radio and television coverage to all villages and the enjoying of national cultural information resources together, and continued to implement special projects to develop facilities for preserving national cultural and natural heritage sites. The Tourism Law and the National Tourism and Recreation Program were introduced and revenue from tourism totaled 2.95 trillion yuan for the year, an increase of 14% over the previous year. We increased funding for recreational sports, and built 51,800 sports venues for the year.

Seventh, construction on government-subsidized housing picked up speed. Last year we basically completed work on 5.44 million government-subsidized housing units in urban areas and began construction on an additional 6.66 million units, with both numbers exceeding the planned figure.

In the face of complex situations at home and abroad, we maintained steady economic development and overall social harmony and stability. These hard won achievements can be attributed to the good policymaking and correct leadership of the CPC Central Committee and the State Council, the concerted efforts and vigorous implementation of all regions and government departments, and the arduous work and joint efforts of the people of all China's ethnic groups.

As we look at these achievements, we are also keenly aware that we still face a number of conflicts and difficulties in economic and social development. The world economy continues to recover slowly and is still beset with instability and uncertainty. Domestically, unbalanced, uncoordinated and unsustainable development remains a serious problem, and the foundation for steady economic growth is not yet firm.

First, the impetus for economic growth is not strong. There are few new growth areas of consumption, our ability to make new investment is weak, and the export situation remains grim.

Second, the task of improving and upgrading the economic structure is still arduous. The problem of overcapacity is serious in some industries. The transformation of scientific and technological results into productive forces is insufficient. Some enterprises are experiencing difficulties in their production and operations.

Third, problems hindering steady agricultural development are prominent. Resource and environmental constraints have tightened; infrastructure for irrigation and water conservancy is still weak; the existing production management system falls short of the development needs of modern agriculture; and agricultural production is not profitable.

Fourth, the problems of consumption of resources and environmental pollution are prominent. The tasks of conserving energy and reducing emissions are arduous; in particular, smog frequently engulfs large areas of China and seriously affects people's lives and health.

Fifth, hidden fiscal and financial risks cannot be overlooked. The debt burden of some local governments and industries is heavy, some enterprises are too deeply in debt, the nonperforming assets of financial institutions have risen, and liquidity risk management has become more difficult. In addition, the problem of structural unemployment is prominent, housing prices in some large cities are rising too fast, and there are risks and hidden dangers in the real estate market. There are also prominent problems concerning food and drug quality, workplace safety, income distribution, and land expropriation and resettlement.

We must take these problems very seriously and adopt measures to resolve them. II. General Requirements and Major Targets and Policies for Economic and Social Development in 2014

The year 2014 is the first year for implementing the decision of the CPC Central Committee to comprehensively deepen reform and a crucial year for fulfilling the targets and tasks set in the Twelfth Five-Year Plan. We need to thoroughly implement the guiding principles of the Eighteenth National Party Congress and the second and third plenary sessions of the Eighteenth CPC Central Committee, accord with the policy decisions and arrangements of the Central Committee and the State Council, adhere to the general work principle of making progress while maintaining stability, carry out reform and innovation in all areas of economic and social development, maintain continuity and stability in our macroeconomic policy, strive to invigorate the market, accelerate the shift in the growth model and structural adjustment, intensify development of the basic public services system, work hard to ensure and improve people's wellbeing, genuinely raise the quality and returns of economic development, and promote sustained, sound economic growth and social harmony and stability.

In view of these requirements and after consideration of what is needed versus what is possible, we have set the following main targets for economic and social development in 2014.