China's Plan for 2015 -- The Numbers
About 7%
China’s growth target for 2015. The lower target comes as growth in the world’s second-largest economy last year was 7.4%, it slowest rate in nearly 25 years.
6%
How much China expects total imports and exports will increase this year.
2.3%
China’s planned deficit in 2015 as a percentage of gross domestic product, up from 2.1% last year. It’s upping the deficit so it can spend more money to boost flagging growth.
10 million
Jobs that China wants to create this year, down from the 13.2 million created last year. In order to do so, it will have to encourage the creation of small businesses. It also caps the target for unemployment this year at 4.5%.
3%
The target for inflation this year. Inflation was 0.8% in January, the last month for which figures are available, a five-year low.
3.1%
How much China wants to cut energy intensity, a measure of energy used to create economic growth, this year. The figure is lower than last year’s 4.8% target.
$127.6 billion
The amount, 800 billion yuan, that China plans to invest in railway construction this year, opening more than 8,000 kilometers of railway. It plans to invest a similar amount in water-conservancy projects.
7.49 million
Number of college graduates expected this year. The question is how many of them will be able to find well-paid jobs.
13%
How much China’s sales of consumer retail goods are expected to rise this year. Boosting consumption at home is a key to locking in more growth.