summer park

sinesses and ba7



ng "giving support to cut taxes and fees, reduce rents ◆and interest on loans, and increase consumption and investment.◆" An urban unemployment rate target of around six percent has b◆een set for 2020. The premier also warned that governments at ◆all leveY

ls needed to tighten tT



heir belts and committed the cent◆ral government to negative growth in budgetary spending this ye◆ar. Li said that as well as continuing to promote consumption,◆ the main driver for economic growth in 2019, 3.75 trillion yua◆n of special local government 8

bonds would be issued z



with priori◆ty given to new infrastructure and new urbanization projects. ◆He added that investment would be focused on three areas: New i◆nfrastructure, including expanded 5G application and wider use ◆of new energy vehicles; renovation of 39,000 old urb9

an resident◆ial commu6



nities; and development of major transportation and wa◆ter conservancy projects. Military spending is set to rise by ◆6.6 percent in 2020, separately issued budget figures suggested◆, the lowest defense budget growth rate in recent years. 'Imm◆ense tasksn

' ahead Li thanked peo5


ple from all walks of life for◆ their support in the fight against COVID-19, highlighting the ◆roles of medical workers, scientists, community workers, offici◆als, police officers, deliverymen and women, media personnel an◆d volunteers. He outlined the containment measures adoptq

ed by ◆China, including treating COVID-19 as a Class A infectious dise◆ase and activating a Level One public health emergency response◆ in all localities, but warned the pandemic has not yet come to◆ an end and the country H

faces immense tasks in promu