BEIJING, Jan. 24 -- The acting mayor of Beijing said Wednesday that the city is expected to hit the economic growth target of about 6.5 percent this year, while achieving visible improvement in economic structure, environment and innovation.
The annual government work report, delivered by Chen Jining at the opening meeting of the annual session of the Beijing Municipal People's Congress, set the GDP growth target at around 6.5 percent.
The GDP growth target is lower than the average annual increase of 7.1 percent -- an absolute figure of 2.8 trillion yuan (438 billion U.S. dollars) -- the capital has achieved in the past five years, Chen said.
He said that successful transformation of the economic development pattern, enhanced innovation capacity and better urban management are among the most significant achievements during the five-year period.
Nearly 19,000 applications for new production were rejected, thanks to an expanded restriction list. Nearly 2,000 manufacturing companies in the city were shut down, and around 600 regional and specialized markets were phased out.
Annual coal consumption has been reduced to 6 million tonnes from the previous 22.7 million tonnes. Over 2.16 million high-polluting old vehicles were phased out. A total of 11,000 factories were punished for environmental issues.
Chen highlighted deepened reforms and opening-up in sustaining the momentum.
The city's actual inflow of foreign investment topped the country at 24.3 billion U.S. dollars last year, with over 90 percent going to the service industry. Trade volume in services accounted for about one-fifth of the country's total.
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