(Two Sessions Express) Inventory of Chinese Government Work in 2022: Multiple Quantitative Indicators Exceeded in Response to Unexpected Shocks

　　China News Agency, Beijing, March 2 (Reporter Wang Enbo) The National Two Sessions in 2023 will be held soon.

According to information released by Chinese officials on the 2nd, in the face of multiple unexpected impacts, 16 of the quantitative indicator tasks proposed in China's "Government Work Report" (hereinafter referred to as the "Report") in 2022 were achieved on schedule, and many of them were overfulfilled.

　　In terms of macroeconomics, the report puts forward the expected target that China's gross domestic product (GDP) will grow by about 5.5% in 2022.

According to preliminary calculations, China's GDP reached 121 trillion yuan (RMB, the same below) last year, an increase of 3% over the previous year.

　　Affected by unexpected factors such as the Ukrainian crisis and repeated epidemics, there is a certain gap between the actual growth rate of China's economy in 2022 and the expected target.

However, the analysis pointed out that under the extremely severe situation, it is not easy for China to achieve this growth rate, and it is also leading the growth rate among the major economies with the largest economic volume in the world.

　　Under the complex situation, food security has attracted much attention.

In 2022, China's total grain output will be 1,373.1 billion catties, an increase of 7.4 billion catties over 2021, and successfully maintained at more than 1.3 trillion catties.

The two indicators of "resolutely guarding the red line of 1.8 billion mu of cultivated land" and "newly building 100 million mu of high-standard farmland" have also been fulfilled.

Among them, in 2022, China will build a total of 104.72 million mu of high-standard farmland, completing 104.7% of the annual target task.

　　In terms of fiscal policy, the report proposes that "the deficit ratio is planned to be around 2.8%, which is lower than last year", "the expenditure of the central government is arranged to increase by 3.9%, and the expenditure of the central department continues to grow negatively", "the local government special bonds are planned to be 3.65 trillion yuan" Yuan" and "Central budgetary investment arrangement of 640 billion yuan" were completed on schedule.

　　It is worth mentioning that the report estimates that in 2022, the annual tax rebate and tax reduction will be about 2.5 trillion yuan, of which about 1.5 trillion yuan will be used to offset the tax rebate.

In fact, last year's annual tax rebates and fee reductions exceeded 3.5 trillion yuan, of which more than 1 trillion yuan was newly added for tax cuts and fee reductions, and 2.46 trillion yuan of value-added tax was offset and refunded.

　　At the same time, "for small and micro enterprises with an annual taxable income of 1 million to 3 million yuan, the corporate income tax will be halved again" and "the super deduction ratio of technology-based small and medium-sized enterprises will be increased from 75% to 100%" etc. The task of reducing the burden and cost of enterprises has also been implemented.

　　In 2022, the national general public budget expenditure will be 26.06 trillion yuan, and the expenditure scale will increase by 1.43 trillion yuan compared with the previous year's implementation figure, which is lower than the arrangement in the report that "the scale of fiscal expenditure will increase by more than 2 trillion yuan compared with last year".

The main reason is to implement the government's tight life requirements, and some non-urgent and non-rigid expenditures were compressed during the implementation.

The report also stated that "the central government's transfer payments to local governments increased by about 1.5 trillion yuan, and the scale was nearly 9.8 trillion yuan, an increase of 18%. The actual figure is also slightly lower than this arrangement.

　　Every year, the "Government Work Report" lists a "list" to respond to people's livelihood concerns, and the quantitative indicators and tasks on the 2022 version of the "People's Livelihood List" have been implemented.

　　Despite the pressure to stabilize employment, China's urban employment will still reach 12.06 million in 2022, completing 110% of the annual target; the surveyed urban unemployment rate has also been successfully controlled within 5.5% throughout the year.

The report also proposes to "use 100 billion yuan in unemployment insurance funds to support job stabilization and training." In fact, China will release a total of 360 billion yuan in unemployment insurance policy dividends in 2022.

　　In areas such as prices and medical care, which are closely related to the daily life of the people, the relevant indicators have also been completed as scheduled.

In 2022, China's consumer price index (CPI) will rise by 2% year-on-year, which is in line with the expected target of "around 3%" and is significantly lower than the growth rate of developed economies such as the United States at 8.0%, the Eurozone at 8.4%, and the United Kingdom at 9.1%.

　　By the end of 2022, there will be 326,900 designated medical institutions across provinces in China, and at least one designated medical institution in each county will provide direct settlement services for medical expenses including general outpatient expenses.

The promise of "increasing the per capita financial subsidy standards for residents' medical insurance and basic public health services by 30 yuan and 5 yuan respectively" has also been fulfilled as scheduled.

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