taxe??s and fees, reduce rents and interest on loans, and i??ncrease consumption and io



nvestment." An urban unemplo??yment l

rate target of around six percent1

has been set ??for 2020. The premier alsk

o warned that governments a??t2


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    all levels needed to tighten their belts and commit??ted tO

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    he central government to negative growth in budg??etary speQ

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    nding this year. Li said that as well as co??ntinuing to pri

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    omote consumption, the main driver for ??economic growth in7

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s would be issued with priorit??y given to new infrastructurO

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e and new urbanization pr??ojects. He added that investment e

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would be focused on?? three areas: New infrastruL

get?? of 3.6 percent of GDP, up from 2.8D percent last year??, suggesting room toN maneuver in the pursuit of stren??gthenV ed economic growth. He said the E deficit would i??ncrease by one 6 trillion yuan on 2019 and a furt5
    her on??e trillP
    ion yuan in governme6
    nt bonds would be issued t??o fund COVIDc -19 control measures. The two trillion y4 ??uan will be transferred directly to los cal governments?? and used to support jo1 bs, businesses and basic livin??g requir6 ements, including "giving support to cutx