The difficulties we face are not to be underestimated, but we must remain confident that they will be overcome. China has a solid material foundation, abundant human resources, a huge market, and a complete system of industries. It is making faster scientific and technological progress, and has a complete range of infrastructure. We have good conditions for sustaining economic development, and many innovative tools and policy options for conducting macroeconomic regulation. We should follow the leadership of the Party, uphold the Party's fundamental political guidelines, and keep to the path of socialism with Chinese characteristics;we should rely on the inexhaustible creativity of the people, unite as one, and forge ahead. It is our firm belief that by doing this, we will make great new achievements in China's development.

今年发展的主要预期目标是：国内生产总值增长6.5%左右，在实际工作中争取更好结果；居民消费价格涨幅3%左右；城镇新增就业1100万人以上，城镇登记失业率4.5%以内；进出口回稳向好，国际收支基本平衡；居民收入和经济增长基本同步；单位国内生产总值能耗下降3.4%以上，主要污染物排放量继续下降。

Based on the above considerations, we have set the following key projected targets for development this year:

-- GDP growth of around 6.5 percent, or higher if possible in practice

-- CPI increase kept at around 3 percent

-- Over 11 million new urban jobs, and a registered urban unemployment rate within 4.5 percent

-- A steady rise in import and export volumes, and a basic balance in international payments

-- Increases in personal income basically in step with economic growth

-- A reduction of at least 3.4 percent in energy consumption per unit of GDP, and continued reductions in the release of major pollutants

今年的经济增长预期目标，符合经济规律和客观实际，有利于引导和稳定预期、调整结构，也同全面建成小康社会要求相衔接。稳增长的重要目的是为了保就业、惠民生。今年就业压力加大，要坚持就业优先战略，实施更加积极的就业政策。城镇新增就业预期目标比去年多100万人，突出了更加重视就业的导向。从经济基本面和就业吸纳能力看，这一目标通过努力是能够实现的。

The projected target for this year's growth is realistic and in keeping with economic principles; it will help steer and steady expectations and make structural adjustments; and it will help achieve the goal of finishing the building of a moderately prosperous society in all respects.

An important reason for stressing the need to maintain stable growth is to ensure employment and improve people's lives. As employment pressure grows this year, we will continue to give top priority to creating jobs and implement a more proactive employment policy. This year's target for urban job creation is one million more than last year, underlining the greater importance we are attaching to employment. Considering our sound economic fundamentals and the capacity they bring for job creation, with hard work, this target is attainable.

今年要继续实施积极的财政政策和稳健的货币政策，在区间调控基础上加强定向调控、相机调控，提高预见性、精准性和有效性，注重消费、投资、区域、产业、环保等政策的协调配合，确保经济运行在合理区间。

This year, we will continue to pursue a proactive fiscal policy and a prudent monetary policy. On the basis of conducting range-based regulation, we will focus more on targeted and well-timed regulation and increase the foresight, precision, and effectiveness of our regulation. We will strengthen coordination of consumption, investment, regional, industrial, and environmental protection policies, and ensure the economy performs within an appropriate range.

财政政策要更加积极有效。今年赤字率拟按3%安排，财政赤字2.38万亿元，比去年增加2000亿元。其中，中央财政赤字1.55万亿元，地方财政赤字8300亿元。安排地方专项债券8000亿元，继续发行地方政府置换债券。今年赤字率保持不变，主要是为了进一步减税降费，全年再减少企业税负3500亿元左右、涉企收费约2000亿元，一定要让市场主体有切身感受。财政预算安排要突出重点、有保有压，加大力度补短板、惠民生。对地方一般性转移支付规模增长9.5%，重点增加均衡性转移支付和困难地区财力补助。压缩非重点支出，减少对绩效不高项目的预算安排。各级政府要坚持过紧日子，中央部门要带头，一律按不低于5%的幅度压减一般性支出，决不允许增加“三公”经费，挤出更多资金用于减税降费，坚守节用裕民的正道。

We will pursue a more proactive and effective fiscal policy. This year's deficit-to-GDP ratio is projected to be 3 percent, with the fiscal deficit set at 2.38 trillion yuan, representing a year-on-year increase of 200 billion yuan. To break this down, the projected deficit of the central government is 1.55 trillion yuan, and the projected deficit of local governments is 830 billion yuan. Local government special bonds to be issued will total 800 billion yuan, and local government bonds will continue to be issued to replace their outstanding debt. The main reason for keeping this year's deficit-to-GDP ratio unchanged is to allow for further reductions in taxes and fees. Over the course of the year, the tax burden on businesses will be further eased by around 350 billion yuan, and business related fees will be further cut by around 200 billion yuan to benefit market entities.