2012政府工作报告英文版

REPORT ON THE WORK OF THE GOVERNMENT
Delivered at the Fifth Session of the Eleventh National People's Congress on March 5, 2012
Wen Jiabao
Premier of the State Council
Fellow Deputies,
On behalf of the State Council, I now present to you my report on the work of the government for your deliberation and approval and for comments and suggestions from the members of the National Committee of the Chinese People's Political Consultative Conference (CPPCC).
I. Review of Work in 2011
Last year, China faced a complex and volatile political and economic environment abroad and arduous and challenging reform and development tasks at home. Working hard with one heart and one mind under the leadership of the Communist Party of China (CPC), the Chinese people of all ethnic groups made significant achievements in reform, opening up, and socialist modernization. China's GDP reached 47.2 trillion yuan, an increase of 9.2% over the previous year; government revenue was 10.37 trillion yuan, an increase of 24.8%; and the country's grain output reached a record high of 571.21 million tons. A total of 12.21 million new urban jobs were created. The per capita disposable income of urban residents and the per capita net income of rural residents rose in real terms by 8.4% and 11.4%, respectively. We consolidated and built upon our achievements in responding to the global financial crisis, and got the Twelfth Five-Year Plan period off to a good start.
We accomplished the following in our work last year.
1. Strengthening and improving macro-control, preventing fast price rises, and achieving steady and robust economic development
We followed a proactive fiscal policy and a prudent monetary policy, and maintained a balance between ensuring steady and robust economic development, adjusting the economic structure, and managing inflation expectations. We paid greater attention to implementing policies with the proper focus, force, and pace; conducted prudent and flexible macro-control on a moderate scale and in a timely fashion; and constantly made our policies more targeted, flexible, and forward-looking. Amid worsening inflation expectations worldwide, fluctuating and high prices of major commodities on the world market, significantly higher costs of factors of production at home, and a shortage of some agricultural products, we made ensuring general price stability our top priority in macro-control, pursued policies in an integrated way, rationally used monetary policy tools to regulate the supplies of money and credit, vigorously developed production to ensure supply, boosted distribution, and strengthened supervision. As a result, increases in the consumer price index (CPI) and the producer price index (PPI) began falling in August, thus reversing the trend of rapid inflation. In the second half of the year, when the glo
bal economy faced greater instability and uncertainty and when new developments and problems occurred in China's economy, we kept the basic orie

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