Premier Li Keqiang delivered the Government Work Report at the opening of the first session of the 14th National People's Congress in Beijing on Sunday. 

▲ The opening meeting of the first session of the 14th National People's Congress (NPC) is held at the Great Hall of the People in Beijing, March 5, 2023. [Photo/Xinhua]

Here are some highlights from the report.
Main targets for 2023

- China sets its GDP growth target for 2023 at around 5 percent
- China targets inflation rate, or increase in consumer price index (CPI), of around 3 percent for 2023
- China's deficit-to-GDP ratio is projected at 3 percent for 2023
- China aims to create around 12 million urban jobs in 2023 and targets a surveyed urban unemployment rate of around 5.5 percent
- China aims to keep its grain output over 650 million metric tons in 2023

▲ The opening meeting of the first session of the 14th National People's Congress (NPC) is held at the Great Hall of the People in Beijing, March 5, 2023.[Photo/Xinhua]

Fiscal, monetary policy for 2023

- China to implement prudent monetary policy in a targeted way
- China to enhance intensity, effectiveness of proactive fiscal policy

- China to keep RMB exchange rate generally stable at adaptive, balanced level
- China to intensify efforts to attract, utilize foreign investment
- China to encourage, support private sector
- China to effectively prevent, defuse major economic, financial risks

Social policy for 2023
- China's COVID-19 response will be more well-conceived, more targeted and more effective in 2023
- China to keep personal income growth in step with economic growth
- China expects continuous progress in housing, medical care

- China to stabilize grain output, boost rural revitalization
- China to continue transition to green development

- China to expand domestic demand

▲ The opening meeting of the first session of the 14th National People's Congress (NPC) is held at the Great Hall of the People in Beijing, March 5, 2023.[Photo/Xinhua]

 Policy on HK, Macao & Taiwan