Highlights of Government Work Report
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
