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2024 Government Work Report: The production and sales of new energy vehicles account for over 60% of the global total!

2024-03-15

On March 5th, Premier Li Qiang delivered a government work report to the Second Session of the 14th National People's Congress, with the following key points:


In 2023, China's production and sales of new energy vehicles accounted for over 60% of the world's total, while exports of electric vehicles, lithium batteries, and photovoltaic products increased by nearly 30%;


2. Encourage and promote the exchange of old for new consumer goods, and boost bulk consumption of intelligent connected new energy vehicles, electronic products, and other products;


3. Promote rural revitalization, strengthen the construction of charging stations, cold chain logistics, and delivery and distribution facilities.

1、 2023 Work Review

GDP growth of 5.2%

Grain production of 1.39 trillion catties

12.44 million new urban jobs

The annual increase in tax and fee incentives exceeded 2.2 trillion yuan

New energy vehicles account for over 60% of global production and sales

Export growth of nearly 30% for "new three types" of electric vehicles, lithium batteries, and photovoltaic products


2、 Main expected goals for this year

GDP growth of around 5%

More than 12 million new urban jobs

Consumer prices for residents increased by about 3%

Grain production of over 1.3 trillion catties

Reduce energy consumption per unit of GDP by approximately 2.5%


3、 Some key tasks this year

Finance: The deficit rate is planned to be arranged at 3%. General public budget expenditure increased by 1.1 trillion yuan compared to the previous year


Government investment: plans to arrange local government special bonds worth 3.9 trillion yuan. Planned investment within the central budget of 700 billion yuan


Special treasury bond: from this year, it is planned to issue extra long term special treasury bond for several consecutive years, which will be specifically used for the implementation of major national strategies and security capacity building in key areas. This year, it will issue 1 trillion yuan first


Future industries: opening up new tracks such as quantum technology and life sciences


Digital Economy: Launching the "Artificial Intelligence+" Action


Consumption: Encourage and promote the exchange of old for new consumer goods, boost bulk consumption of intelligent connected new energy vehicles, electronic products, and other products


Housing: Increase the construction and supply of affordable housing, and improve the basic system related to commercial housing


Employment: We need to strengthen policies and measures to promote youth employment. Classification and improvement of flexible employment service guarantee measures


Rural revitalization: Implementing three major policies for ensuring the production cost and income of staple crops nationwide. Strengthen the construction of charging stations, cold chain logistics, and shipping and distribution facilities


Urbanization: Steadily implementing urban renewal actions. Promote the resolution of difficulties such as installing elevators and parking in old residential areas


Education: Carry out actions to expand and improve the quality of basic education. Promote the inclusive development of preschool education


Medical insurance: The per capita financial subsidy standard for resident medical insurance has been increased by 30 yuan


Social security: The minimum monthly standard for basic pension for urban and rural residents will be increased by 20 yuan, and the basic pension for retirees will continue to be raised. Implement a personal pension system nationwide. Increase the supply of childcare services through multiple channels


Openness: Fully lift restrictions on foreign investment access in the manufacturing industry and relax market access for service industries such as telecommunications and healthcare. Improve the convenience of foreign personnel coming to China for work, study, and tourism


Environmental protection: improving financial, taxation, investment, pricing policies, and related market-oriented mechanisms to support green development


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