This year, China"s macroeconomic policy stance is even stronger. The deficit-to-GDP ratio for this year is set at around 4 percent. The government deficit is set at 5.89 trillion yuan, 230 billion yuan more than last year; Expenditure in the general public budget is projected to reach 30 trillion yuan for the first time, an increase of about 1.27 trillion yuan over last year. China will continue to apply an appropriately accommodative monetary policy, flexibly and effectively employing a range of policy instruments, including cuts to required reserve ratios and interest rates, and maintain adequate liquidity. China will boost coordination between fiscal, financial, employment, industrial, and other policies, explore policy alignment opportunities, and develop new implementation tools, so as to deliver the best outcomes possible… This year"s Government Work Report has made arrangements for macroeconomic policies, placing greater emphasis on integrating existing and incremental policies, strengthening counter-cyclical and cross-cyclical adjustments, and effectively enhancing macroeconomic governance capacity.

　　Since the beginning of the new era, amid complex and severe domestic and international conditions, China has adhered to pursue economic development as the central task and achieved remarkable accomplishments, with growth rates ranking among the top of major economies, becoming the most stable and reliable engine of global economic development.