IV. Balancing Steady Economic Growth and Structural Improvement

Steady growth and structural adjustment complement each other. We must work hard to ensure that the economy performs within an appropriate range while promoting economic transformation and upgrading, and maintaining sustainable economic growth.

We will move faster to foster growth areas of consumption.

We will encourage private consumption and curb spending on official overseas visits, official vehicles, and official hospitality. We will promote consumption in elderly care, domestic services, and health services, help strengthen spending on information goods and services, raise consumer spending on leisure and tourism, give impetus to green consumption, keep housing consumption stable, and encourage people to spend more on education, culture, and sports.

We will press ahead with the nationwide project to deliver telecoms, radio, television, and Internet service over a single broadband connection, accelerate the development of fiber-optic networks, significantly increase broadband speeds, develop logistics and express delivery services, and ensure that new forms of Internet-based spending, which combine online-offline activities, come to thrive.

We will strengthen monitoring, tracking, and recall systems to ensure the safety and quality of consumer goods, severely punish the production and sale of counterfeit and shoddy goods, and protect the legitimate rights and interests of consumers. In expanding consumption, we need to ensure every drop of spending builds to create a mighty river, so that the potential contained in an ocean of private consumers will be channeled into a powerful force driving economic growth.

We will increase effective investment in public goods.

We will ensure that the projects set out in the 12th Five-Year Plan are completed. We will launch a number of major new projects, including:

• projects for rebuilding rundown urban areas and renovating dilapidated housing, urban underground pipe network projects, and other projects to improve living standards;

• major railway, highway, and inland waterway transport projects in the central and western regions;

• agricultural projects on water conservancy and developing high-quality farmland;

• projects that involve major information, electricity, oil, and natural gas networks;

• clean energy projects, and oil, natural gas, and mineral resource supply projects;

• projects for upgrading traditional industries; and

• energy-saving, environmental protection, and ecological conservation projects.