Chinese School - Report on the Work of the Government (full text)

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Report on the Work of the Government (full text)

(Xinhua)
Updated: 2005-03-15 10:42

Following is the full text of the Report on the Work of the Government
delivered by Premier Wen Jiabao at the Third Session of the 10th National
People's Congress on March 5, 2005.

Fellow Deputies,

On behalf of the State Council, I now submit a report on the work of the
government for your examination and approval and also for comments and
suggestions from the members of the National Committee of the Chinese
People's Political Consultative Conference.

I. Review of the Work in 2004 ����

Under the leadership of the Communist Party of China (CPC), the people of
all our ethnic groups held high the great banners of Deng Xiaoping Theory
and the important thought of Three Represents, worked together in an
innovative spirit, and made major achievements worth celebrating in the
socialist modernization drive in 2004.

We made progress while responding to new challenges and tests during the
past year. Some new problems have emerged in China's economic activities
over the last two years, mainly tight grain supply, overheated investment
in fixed assets, excessive money and credit, and shortages of coal,
electricity, petroleum and transportation. If allowed to grow unchecked,
these isolated problems could have had an overall impact. After sizing up
the situation, the CPC Central Committee and the State Council promptly
made decisions and arrangements for strengthening macro regulation.
Acting on the principles of adopting resolute and effective measures,
taking timely and appropriate steps, dealing with problems individually
and stressing practical results, they worked to solve prominent problems
threatening steady and rapid economic development through a combination
of economic and legal means, plus administrative means when necessary.
Thanks to the concerted efforts of the whole nation, their macro
regulation achieved significant results. Destabilizing, unsound factors
threatening economic performance were contained, weak links were
strengthened, and large economic fluctuations were avoided.

The main achievements over the past year were: the economy maintained
steady and rapid development, overall national strength increased,
significant progress was made in our reform, breakthroughs were achieved
in opening up, social development was accelerated, and people's lives
improved. China's GDP in 2004 reached 13.65 trillion yuan, an increase of
9.5 percent over the previous year. Government revenue came to 2.63
trillion yuan, up 21.4 percent. Retail sales of consumer goods totaled
5.4 trillion yuan, up 13.3 percent. The volume of imports and exports
totaled US$1.15 trillion, an increase of 35.7 percent, moving China up to
third place in the world from fourth in the previous year. Some 9.8
million urban residents entered the workforce for the first time, a
figure that exceeded the target. Urban per capita disposable income was
9,422 yuan, an increase of 7.7 percent in real terms after allowing for
price factors, and rural per capita net income was 2,936 yuan, up 6.8
percent in real terms after allowing for price factors. All of the above
shows that China has taken another solid step forward on the road of
building a moderately prosperous society in all respects.

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