China Why the government work report did not propose specific targets for the annual economic growth
The government work report said that no specific target for the annual economic growth rate was proposed, mainly because the global epidemic situation and the economic and trade situation are highly uncertain, and China's development is facing some unpredictable factors. In doing so, it is helpful to guide all parties to concentrate on "six stability" and "six guarantees". "Six Guarantees" is the focus of this year's "Six Stability" work. Keeping the bottom line of the "six guarantees" can stabilize the economic fundamentals; to promote stability and make progress through stability, we can lay a solid foundation for building a well-off society in an all-round way.
This year's deficit rate is planned to be set at more than 3.6%. The fiscal deficit scale will increase by 1 trillion yuan compared with last year. At the same time, 1 trillion yuan of special anti-epidemic bonds will be issued.