2) Relaxing controls over market access for foreign investment. We will deepen reform of the system for managing foreign investment and explore ways to provide it with pre-establishment national treatment together with negative list management. We will move faster to open banking, education, culture, medical care and other services to foreign investment in an orderly way. We will encourage the China (Shanghai) Pilot Free Trade Zone to lead the way and explore new paths in reform. We will improve the security review system for businesses involving foreign capital. Non-financial foreign direct investment is expected to reach $121.7 billion in 2014, up 3.5%.

3) Supporting capable Chinese enterprises in going global more quickly. We will improve policies supporting outbound investment, reform and simplify foreign exchange controls, efficiently utilize foreign exchange reserves to support outbound investment, deepen outbound cooperation and investment in energy and resources and agricultural development, and guide advantageous industries to do business globally. China's non-financial outbound direct investment will amount to $99.2 billion in 2014, an increase of 10%.

4) Strengthening bilateral, multilateral and regional economic cooperation. We will open China's inland and border areas wider to the outside world, and holistically push forward the building of major international thoroughfares in the interior region of the country. We will work vigorously to build the Silk Road Economic Belt, the 21st Century Maritime Silk Road, the Bangladesh-China-India-Myanmar Economic Corridor and the China-Pakistan Economic Corridor, and strengthen infrastructure connectivity with neighboring countries. We will carry on with negotiations on establishing key bilateral free trade zones with the Republic of Korea and Australia and on entering into regional comprehensive economic partnerships.

2. Strive to expand domestic demand

We will fully tap domestic consumption potential. Total retail sales of consumer goods are expected to grow by 14.5% in 2014.

1) Enhancing people's ability to consume. We will properly adjust the distribution of national income, act promptly to formulate rules for deepening reform of the income distribution system, and strive to increase both urban and rural incomes, especially the income of low-income groups.

2) Energetically cultivating and developing new areas of intense consumption. We will implement China's broadband strategy, support efforts to build 4G mobile communications networks and develop 4G businesses, and advance the delivery of telecommunications, radio and television, and Internet access over a single broadband connection. We will promote the development of e-commerce demonstration cities, expand the use of the Internet of Things, and stimulate information consumption. We will continue with the project to promote energy-efficient products beneficial to the people, and boost consumption of products which are energy efficient and environmentally friendly and which can be recycled. We will support nongovernmental initiatives to establish facilities providing services for the elderly and health services and vigorously boost consumption in these two areas. We will formulate guidelines on integrating the development of cultural creation and design services with that of relevant industries as well as on promoting tourism consumption, better enforce paid vacations, and promote sound development of consumption in cultural activities, tourism and sports.

3) Improving the consumption environment. We will strengthen both urban and rural circulation networks, accelerate the development of joint distribution channels in cities and delivery services in rural areas, and coordinate development of express delivery services and online retailing. We will put in place viable systems to supervise and control food and drugs as strictly as possible, carry out food safety programs, and give high priority to comprehensively improving food safety in key industries such as that of infant formula and meat products. We will improve and maintain market order and crack down on the production and sale of counterfeit and shoddy goods, price fraud, and other illegal behavior in accordance with the law. We will establish a sound social credit system and ensure that credibility information is commonly built and shared.

We will promote stable growth and structural improvement of investment. Total fixed-asset investment is projected to grow by 17.5% in 2014, 457.6 billion yuan of which will be allocated from the central budget.

1) Unleashing the potential of private investment. We will earnestly implement the Guidelines on Encouraging and Guiding the Sound Development of Private Investment. We will act promptly to review and revise administrative regulations, department regulations and normative documents on private investment; and work out market access rules that are clear and transparent, fair and equitable, and practicable. We will soon recommend a number of projects in banking, petroleum, electricity, railway, telecommunications, resources exploitation and public utilities which fall within our industry guidance and which are beneficial to industrial transformation and upgrading to guide and drive private investment.