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Highlights of Government Work Report

Xinhua | Updated: 2018-03-05 11:00
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Deputies to the 13th National People's Congress attend the opening meeting of the first session of the 13th National People's Congress at the Great Hall of the People in Beijing, March 5, 2018. [Photo by Xu Jingxing/China Daily]

WHAT ELSE TO DO THIS YEAR

-- This year' s deficit as a percentage of GDP is projected to be 2.6 percent, 0.4 percentage point lower than last year

-- Cut steel production capacity by around 30 million metric tons and coal production capacity by approximately 150 million metric tons

-- Reduce taxes on businesses and individuals by more than 800 billion yuan

-- This year will see 732 billion yuan invested in railway construction and around 1.8 trillion yuan invested in highway and waterway projects; the scale of investment in ongoing water conservancy projects will reach 1 trillion yuan

-- China will build or upgrade 200,000 kilometers of rural roads

-- Per capita government subsidies for basic health insurance for rural and non-working urban residents will be increased by 40 yuan ($6.3), half of which will be used for the serious disease insurance scheme

-- Reduce the rural drop-out rate, moving faster to put an end to big class sizes in urban schools, and addressing the problem of heavy extracurricular burdens on primary and secondary school students

-- China will improve property rights systems, the cornerstone of the socialist market economy, as well as mechanisms for market-based allocation of the factors of production

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