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Review of 2014 and plan for 2015
Over the past year, the international and domestic environments faced by China in its development have been complicated and challenging. The road to global economic recovery has been rough, with many ups and downs, and the performance of the major economies has been divergent. Downward pressure on China’s economy has continued to mount, and we have faced an array of interwoven difficulties and challenges.
However, under the firm leadership of the Central Committee of the Communist Party of China (CPC) headed by General Secretary Xi Jinping, all our people have worked together as one, surmounted difficulties, and accomplished the year’s main targets for economic and social development. We have made solid progress in our endeavor to finish building a moderately prosperous society in all respects, got off to a good start in comprehensively deepening reform, embarked on a new journey to fully advance the law-based governance of China, and seen progress in the allround strengthening of Party self-conduct.
During the past year, China has, overall, achieved a stable performance while at the same time securing progress in its economic and social development. The main indication of this stable performance is that the economy operated within an appropriate range.
The economic operation
?The growth rate was steady. China’s GDP reached 63.6 trillion yuan, an increase of 7.4% over the previous year, making China one of the fastest-growing major economies in the world.
?Employment remained robust, with 13.22 million new urban jobs created, which is higher than the figure for the previous year.
?Prices were stable, with the CPI rising by 2%.
?The underlying feature demonstrating progress is that our development is becoming better coordinated and more sustainable.
?The economic structure was upgraded. The contribution of consumption toward economic growth rose by three percentage points to 51.2%; the value added of th
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