BEIJING, March 13 (Xinhuanet) -- The government has set a number of targets for this year's China's economic performance. It is planning to run a budget deficit of 1.35 trillion yuan this year. That amounts to 2.1% of GDP, as the government continues to implement a "proactive" fiscal policy.
As to foreign trade, the country, which last year overtook the U.S. as the world's largest goods trading nation, lowered its target for export and import growth to 7.5%, below the 7.9% growth it saw last year, as fears still linger over another bad year for global trade.
Domestically, the government has pledged more subsidies for basic medical insurance for rural and unemployed urban residents. It is also aimed to carry out its bigger plans for government-subsidized housing, with 7 million more units expected in 2014.
(Source: CNTV.cn)
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