Page 5 - REPORT ON THE WORK OF THE GOVERNMENT

remarkable.
To assist people experiencing increased difficulties in their lives, we bolstered

support to ensure their basic living needs. We took time-limited measures to
expand the scope of subsistence allowances and other social security policies to
cover more groups in difficulty. Continuing the policy on expanding
unemployment insurance coverage, we provided unemployment benefits to over

10 million people in total. We also provided price subsidies for more people on low
incomes, benefiting about 67 million in all.
We waived interest payments on government-subsidized student loans to
college graduates with financial difficulties and granted extensions on the principal

repayments for these loans. We provided emergency assistance to people hit hard
by the epidemic or natural disasters, thus ensuring that the basic living needs of all
our people were met.
We also fully implemented the plans set forth at the Central Conference on
Economic Work and in the Report on the Work of the Government approved at the

Fifth Session of the 13th National People’s Congress (NPC), and made coordinated
advances in all fields of economic and social development.
Thanks to our dedicated work, consumer demand, market distribution,
industrial production, and business expectations have all markedly improved.

China’s economy is staging a steady recovery and demonstrating vast potential
and momentum for further growth.

Fellow Deputies,

The past five years have been truly momentous and remarkable. Under the
strong leadership of the Party Central Committee with Comrade Xi Jinping at its
core, we have met numerous tests, including accelerated changes on the
international landscape, the Covid-19 pandemic, and a domestic economic

slowdown.
We both won the critical battle against poverty and finished building a
moderately prosperous society in all respects as scheduled, thus attaining the First
Centenary Goal and embarking on a new journey to realize the Second Centenary
Goal.

All localities and government departments followed the guidance of Xi Jinping
Thought on Socialism with Chinese Characteristics for a New Era; gained a deep
understanding of the decisive significance of establishing Comrade Xi Jinping’s

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