The above economic growth target is based mainly on the need to maintain stable employment, meet basic living needs, and guard against risks.

This target is also in keeping with the average growth rates of the last two years and the goals of the 14th Five-Year Plan.

It represents a medium-high rate of growth given our large economic aggregate, and demonstrates our ability to move proactively.

But achieving this goal will require arduous efforts.

To fulfill the development goals and tasks for the year, we should pursue prudent and effective macro policies, micro policies that can continuously energize market entities, and structural policies that facilitate smooth flows in the economy.

Science and technology policies should be fully implemented, reform and opening up policies should lend impetus to development, regional policies should ensure more balanced and coordinated development, and social policies should meet basic living needs.

All of us involved must adopt detailed and effective measures to meet these major policy requirements and create synergy for driving growth.

Macro policies should be kept consistent and made more effective.

The proactive fiscal policy should be more effectual, more targeted, and more sustainable.

The prudent monetary policy should be both flexible and appropriate, with reasonably ample liquidity being maintained.

The employment-first policy should be pursued with intensified efforts to deliver the desired outcomes.

These policies should produce effects early on, and the policy tools we have in reserve should be promptly deployed to ensure stable economic performance.

We will continue effective routine Covid-19 control.

To prevent inbound cases and domestic resurgences, we need to constantly refine epidemic containment measures, strengthen epidemic controls in port-of-entry cities, step up efforts to study and protect against virus variants, accelerate R&D of vaccines and effective medicines, and continue implementing vaccination programs.

Occurrences of local cases must be handled in a scientific and targeted manner, and the normal order of work and life must be ensured.

In our work this year, we must make economic stability our top priority and pursue progress while ensuring stability.

In the face of new downward pressure, the task of ensuring stable growth needs to occupy an even more prominent position.

All localities and government departments should fulfill their responsibilities for maintaining stable macroeconomic performance by proactively introducing pro-stability policies.

We should take coordinated moves to keep growth stable, promote structural adjustment, and carry out reform.

We should work faster to transform the growth model, and say no to an extensive development model.

We should follow a fact-based approach, and bear in mind the fundamental dimension of China’s national context, that is, it is still in the primary stage of socialism.

We should manage our own affairs well, and respect the laws of development, the reality on the ground, and the needs of the people.

We should work in creative ways in light of actual conditions and motivate all stakeholders to pursue development endeavors.

We should promote both an efficient market and a well-functioning government, and we should be adept at using reform and innovation to boost market dynamism and social creativity.

We must act on the people-centered development philosophy and rely on the efforts of everyone to promote prosperity for all, so as to keep realizing the people’s aspirations for a better life.