We achieved major strategic success in our response to Covid-19 and China was the world’s only major economy to achieve growth. We attained a complete victory in the fight against poverty, and we scored decisive achievements in securing a full victory in building a moderately prosperous society in all respects.
Development goals and tasks for the year were accomplished, and major headway has been made in reform, opening-up, and socialist modernization drive.
We formulated and implemented macro policies to meet the urgent needs of market entities and kept the fundamentals of the economy stable.
We reduced the burden on market entities by more than 2.6 trillion yuan for the year, including 1.7 trillion yuan in social insurance premium cuts and exemptions.
Gross domestic product (GDP) for the year growing by 2.3 percent
We gave top priority to stabilizing employment and ensuring living standards and effectively safeguarded people’s wellbeing.
A total of 11.86 million urban jobs were added, and the year-end surveyed urban unemployment rate dropped to 5.2 percent.
The consumer price index (CPI) posted a 2.5 percent growth
We expanded the coverage of unemployment insurance schemes, and extended timely assistance to those who were hit particularly hard by Covid-19. Close to six million additional people received subsistence allowances or extreme poverty aid, and more than eight million temporary assistance grants were disbursed.
We made decisive progress in the three critical battles against poverty, pollution and potential risk, achieving major targets and tasks as planned.
All remaining poor rural residents, totaling 5.51 million in early 2020, were lifted from poverty, as were all of China’s remaining 52 poor counties.
We continued to advance reform and opening-up and further boosted the vitality and momentum of development.
We vigorously promoted innovation in science and technology and accelerated industrial transformation and upgrading.
We advanced new urbanization and rural revitalization and improved the layout of urban-rural development and development among regions.
We stepped up law-based administration, promoted social advancement, and safeguarded social harmony and stability.
We were successful in pursuing China’s major country diplomacy. We upheld multilateralism and endeavored to build a human community with a shared future. We supported global cooperation on combating Covid-19 and called for building a global health community. China thus made important contributions to advancing global peace and development.
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