Thread by @Sino_Market

🇨🇳Key takeaways of 2023 #China Government Work Report:
🔸GDP growth target at around 5%
🔸CPI growth target at about 3% unchanged
🔸Budget deficit at 3% of GDP vs 2.8% 2022
🔸Add 12 million urban jobs in 2023 vs 11 mln 2022.
🔸Plans 3.8 tln yuan special gov bond sales vs 3.65
1/n

🇨🇳Key takeaways of 2023 #China Government Work Report:
🔸Focus on expanding domestic demand, consumption
🔸More proactive fiscal policy
🔸Money supply growth to match nomical GDP growth
🔸Keep yuan exchange basically stableshore
🔸Shore up B/S of property companies
2/n

🇨🇳Key takeaways of 2023 #China Government Work Report:
🔸Improve preferential tax & fee policies
🔸Tech policies will focus on self-reliance
🔸Increase grain output by 50 million tons
🔸Push Covid-19 vaccine & drug upgrade
🔸Support elderly care & fertility
3/n

🇨🇳Key takeaways of 2023 #China Government Work Report:
🔸Clean energy share of total consumption rose to 25% #OOTT
🔸Set up regular oversight on & support platform economy
🔸Help resolve housing problems of young people
🔸Curb unregulated expansion in property market
4/n