During the year 2022, the Central Committee of the Communist Party of China (CPC) gathered around President Xi Jinping succeeded in the triple mission of preventing COVID-19, stabilizing the economy and securing the development of China. This was hinted by State Council Premier Li. Keqiangduring the opening ceremony of the first session of the 14th National People’s Congress (NPC) held on Sunday, March 5, 2023 in Beijing, China.
A ceremony which was mainly devoted to the presentation by the Prime Minister of the report on the government’s activities during the year 2022 and the last five years. For the year 2022, Li Keqiang welcomed the fact that the Gross Domestic Product (GDP) increased by 3%. “12.06 million new jobs were created in urban agglomerations while the unemployment rate was reduced to 5.5% at the end of the year,” he added. Continuing, he noted that the household consumer price index increased by 2% and that of the import-export of goods by 7.7%. Still according to the report drawn up by the Prime Minister, the budget deficit rate was maintained at 2.8% and the budget forecasts of the central finances carried out in such a way that expenditure shows a slight favorable deviation.
“We managed to keep the international balance of payments balanced, and the yuan (RMB) exchange rate showed relative stability once morest other major global currencies,” he said. Compared to China’s grain production, which is one of the largest in the world, it has risen, according to Li Keqiang, to 685 million tonnes in 2022, an increase of 3.7 million tonnes. In addition, the Chinese economy has “shown great resilience” in the face of all kinds of difficulties that have beset it over the past five years, the major one being the COVID-19 pandemic. To this end, the Prime Minister said that several strategies have been implemented by the government. pour help companies in difficulty.
A job for 32 million inhabitants
He cited in particular reimbursement the VAT credit of more than 2.4 trillion yuan, the additional reduction of more than 1 trillion yuan in taxes and miscellaneous charges as well as the postponement of payment of more than 750 billion yuan. Moreover, in its policy of reducing poverty through work in major projects rather by the payment of direct aid, China has managed to find employment for more than 32 million of its inhabitants, according to the report drawn up by the head of government.
China’s stellar economic growth in 2022 mirrors that of the past five years. Indeed, during this period, China has, according to the Prime Minister, achieved universally noted successes in its economic and social development. He estimated at 5.2% the average annual increase in GDP during this period. Strong growth that has allowed, to his words, to overcome extreme poverty in China. “Nearly 100 million rural people have been lifted out of poverty, 832 districts have been scratched
