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Wen's 2012 report by numbers

Wen's 2012 report by numbers

Updated: 2012-03-05 14:57

(chinadaily.com.cn)

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·7.5%

GDP is projected to grow by 7.5 percent, lower than the actual economic growth of 9.2 percent in 2011.

·4%

Rise in the CPI is set at around 4 percent, lower than the 5.4 percent of CPI rise in the previous year.

·9 million

Over nine million jobs will be created for urban residents and the registered urban unemployment rate will be kept at 4.6% or lower. The targets are the same as those of last year.

·50%

The urbanization rate will exceed 50 percent. More importance will be given to transform migrant workers, who have a stable employment and residence in cities, into urban residents.

·800 billion

A deficit of 800 billion yuan ($126.8 billion) is projected, consisting of 550 billion yuan in central government deficit and 250 billion yuan in local government bonds.

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