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Keeping the macro economic policy stable with consideration given to both immediate and long-term needs
With respect to fiscal policy， we introduced policy measures that kept deficit from expanding， readjusted the expenditure structure， cut down administrative expenditures， accelerated spending， increased support for central and western regions as well as for structural readjustments and for improving people’s wellbeing， and granted preferential tax treatment to small and micro businesses.
In terms of monetary policy， we stayed focused， responded calmly and met difficulties headon. We did not relax or tighten the monetary policy in spite of the short-term fluctuation in the money market， and properly managed liquidity.
We supported the real economy mainly by making good use of both stock and increment.
We strengthened supervision and improved regulation to prevent and defuse potential risks in the fiscal and financial sectors.
Regarding the local government debt issue， which has become a source of concern， we are taking pertinent measures to regulate and address it in an orderly fashion.
Steadfastly pursuing reform and openingup with priority given to the stimulation of the market
We have abolished or delegated to lower levels the conduct of administrative review and approval for over 200 items. By streamlining administration and delegating power， the government aims to delegate power to lower levels as much as necessary and appropriate.
We have expanded the scope of businessto-value added tax pilot reform， and advanced reforms relating to market-based interest rates， the investment and financing system for the construction of railways and other infrastructure， pricing of resource products and government procurement of public services.
We have accelerated the reform of economic structure， endeavored to develop a mixed economy， relaxed market access in the financial， oil， electricity， railway， telecommunications， resources development， public facilities and the service sector， encouraged more investment of the non-public sector， and provided greater space for business of various ownerships.
Readjusting and optimizing the structure with emphasis on transformation and upgrading
In readjusting the structure， the most important aspect is to expand domestic demand， and a major task is to pursue a balanced development between urban and rural areas and among different regions.
We will rely mainly on industrialization， new type of urbanization， IT application and modernization of agriculture and focus on developing the service sector.
We are cultivating new growth areas of consumption and implementing the Broadband China strategy. We will enhance the weak links and invest more in energy conservation and environmental protection， redevelopment of shanty towns， infrastructure in urban areas， and railways in the central and western regions.
We are stepping up support for contiguous and concentrated poverty-stricken areas. We have adopted special policy measures to promote old age care， health， cultural， educational and other services.
We are implementing the strategy of innovation-driven development at a faster pace， aggressively promoting technological innovation and deep integration of science and technology with the economy and building a social environment friendly to innovation and business startup activities.
With respect to fiscal policy， we introduced policy measures that kept deficit from expanding， readjusted the expenditure structure， cut down administrative expenditures， accelerated spending， increased support for central and western regions as well as for structural readjustments and for improving people’s wellbeing， and granted preferential tax treatment to small and micro businesses.
In terms of monetary policy， we stayed focused， responded calmly and met difficulties headon. We did not relax or tighten the monetary policy in spite of the short-term fluctuation in the money market， and properly managed liquidity.
We supported the real economy mainly by making good use of both stock and increment.
We strengthened supervision and improved regulation to prevent and defuse potential risks in the fiscal and financial sectors.
Regarding the local government debt issue， which has become a source of concern， we are taking pertinent measures to regulate and address it in an orderly fashion.
Steadfastly pursuing reform and openingup with priority given to the stimulation of the market
We have abolished or delegated to lower levels the conduct of administrative review and approval for over 200 items. By streamlining administration and delegating power， the government aims to delegate power to lower levels as much as necessary and appropriate.
We have expanded the scope of businessto-value added tax pilot reform， and advanced reforms relating to market-based interest rates， the investment and financing system for the construction of railways and other infrastructure， pricing of resource products and government procurement of public services.
We have accelerated the reform of economic structure， endeavored to develop a mixed economy， relaxed market access in the financial， oil， electricity， railway， telecommunications， resources development， public facilities and the service sector， encouraged more investment of the non-public sector， and provided greater space for business of various ownerships.
Readjusting and optimizing the structure with emphasis on transformation and upgrading
In readjusting the structure， the most important aspect is to expand domestic demand， and a major task is to pursue a balanced development between urban and rural areas and among different regions.
We will rely mainly on industrialization， new type of urbanization， IT application and modernization of agriculture and focus on developing the service sector.
We are cultivating new growth areas of consumption and implementing the Broadband China strategy. We will enhance the weak links and invest more in energy conservation and environmental protection， redevelopment of shanty towns， infrastructure in urban areas， and railways in the central and western regions.
We are stepping up support for contiguous and concentrated poverty-stricken areas. We have adopted special policy measures to promote old age care， health， cultural， educational and other services.
We are implementing the strategy of innovation-driven development at a faster pace， aggressively promoting technological innovation and deep integration of science and technology with the economy and building a social environment friendly to innovation and business startup activities.