Full text: Report on China's economic, social development plan

2. Strive to expand domestic demand

We will fully tap domestic consumption potential. Total retail sales of consumer goods are expected to grow by 14.5% in 2014.

1) Enhancing people's ability to consume. We will properly adjust the distribution of national income, act promptly to formulate rules for deepening reform of the income distribution system, and strive to increase both urban and rural incomes, especially the income of low-income groups.

2) Energetically cultivating and developing new areas of intense consumption. We will implement China' s broadband strategy, support efforts to build 4G mobile communications networks and develop 4G businesses, and advance the delivery of telecommunications, radio and television, and Internet access over a single broadband connection. We will promote the development of e-commerce demonstration cities, expand the use of the Internet of Things, and stimulate information consumption. We will continue with the project to promote energy-efficient products beneficial to the people, and boost consumption of products which are energy efficient and environmentally friendly and which can be recycled. We will support nongovernmental initiatives to establish facilities providing services for the elderly and health services and vigorously boost consumption in these two areas. We will formulate guidelines on integrating the development of cultural creation and design services with that of relevant industries as well as on promoting tourism consumption, better enforce paid vacations, and promote sound development of consumption in cultural activities, tourism and sports.

3) Improving the consumption environment. We will strengthen both urban and rural circulation networks, accelerate the development of joint distribution channels in cities and delivery services in rural areas, and coordinate development of express delivery services and online retailing. We will put in place viable systems to supervise and control food and drugs as strictly as possible, carry out food safety programs, and give high priority to comprehensively improving food safety in key industries such as that of infant formula and meat products. We will improve and maintain market order and crack down on the production and sale of counterfeit and shoddy goods, price fraud, and other illegal behavior in accordance with the law. We will establish a sound social credit system and ensure that credibility information is commonly built and shared.

We will promote stable growth and structural improvement of investment. Total fixed-asset investment is projected to grow by 17.5% in 2014, 457.6 billion yuan of which will be allocated from the central budget.

1) Unleashing the potential of private investment. We will earnestly implement the Guidelines on Encouraging and Guiding the Sound Development of Private Investment. We will act promptly to review and revise administrative regulations, department regulations and normative documents on private investment; and work out market access rules that are clear and transparent, fair and equitable, and practicable. We will soon recommend a number of projects in banking, petroleum, electricity, railway, telecommunications, resources exploitation and public utilities which fall within our industry guidance and which are beneficial to industrial transformation and upgrading to guide and drive private investment.

2) Improving the structure of government investment. We will soon phase out investment in general competitive businesses in a progressive manner, properly reduce investment in for-profit infrastructural projects that can be funded by nongovernmental capital, reduce small, scattered investments, and halt funding for construction of Party and government office buildings and other facilities to free up resources for major projects that are of overall, fundamental and strategic importance. Investment from the central government budget will mainly go toward building of government-subsidized housing and its supporting infrastructure as well as rebuilding of rundown areas; the project to increase national grain production capacity by 50 million metric tons and improve rural livelihood; development of irrigation works, railways in the central and western regions and other major infrastructure; energy conservation, emissions reduction and environmental improvement; innovation and industrial upgrading projects such as those to develop and utilize major, core and key technologies; social programs and social management efforts such as education, medical care, old-age services, and food and drug safety; and development of ethnic minority and border areas.

3) Accomplishing major projects. On the basis of our intermediate assessment of the implementation of the Twelfth Five-Year Plan (2011-2015), we will move faster in carrying out the key tasks set forth in it and make steady progress in ongoing projects. We will work vigorously to prepare well for implementation of projects and build up reserve of major projects.