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focus▓es on the social

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sions and resolutions of the First Session of the Eleventh National People's Con▓gress (NPC) in 2008. As a result, we made majo

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r continued achievements in reform, opening up and socialist modernization. The central and local budgets were satisfactor▓il

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y implemented and fresh progress was made in reform and development of the public finance system. Nat▓ional revenue reached 6.1

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3169 trillion yuan, an in▓crease of 999.512 billion yuan or 19.5% over 2007 (both here▓ and below), equivalent to 104.8% of the target. Th▓is consists of 3.267199 trillion yuan collected by the c▓entral government and 2.864491 trillion yuan collected by local governments. Added to the 110 billion yuan t▓aken from the central budget stabilization fund, tota▓l revenue came to 6.24169 trillion yuan. National exp▓enditures amounted to 6.242703 trillion yuan, an increase of 1.264568 trillion yuan or 25.4%, equivalent to 101.7% of the target. This figure consists of 1.337431 trillion yuan used by the central government and 4.905272 trillion yuan used by local governments. Added to the 19.2 billion yuan set aside for the central budget s▓tabilization fund, total expenditures amounted to 6.261903 trillion yuan. Revenue in the central budget totaled 3.361▓192 trillion yuan, an increase of 499.997 billion yuan or 17▓.5%, equivalent to 103.3%of the target. This consists of 

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3.267199 trillion yuan directly collected by the central government and 93.993 billion yuan turnedover by local governments. Ad

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ded to the 110 billion yuan from the central▓ budget stabilization fund, total revenue came to 3.4711▓92 trillion yuan. Expenditur

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es in the central budget ▓totaled 3.631992 trillion yuan, an increase of 673▓.997 billion yuan or 22.8%, equivalent to 102.5% of t

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he target. This figure consists of 1.337431 trillion yuan used by the central government and 2.294561trillion ▓yuan in tax rebates and transfer payments to local governments. A total of 19.2 billion yuan was set aside for the central budget stabilization fund. Total expenditure▓s thus added up to 3.651192 trillion yuan. Expenditures ex▓ceeded revenue, leaving a deficit of 180 billion yuan, which was within the target approved at the First ▓Session of the Eleventh NPC. The outstanding balance of g▓overnment bonds in the central

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budget at the end of 2008 t▓otaled 5.327076 trillion yuan, which was under the set limit of 5.518585 trillion yuan. The central g

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overnment's tax rebates and transfer payments to local governments. The ▓central government turned over 2.294561 trillion y▓uan

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in tax rebates and transfer payments to local governments in 2008, an increase of 480.772 billion yuan or 26.5%, representing 10

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6.1% of the target. This total consists of 428.219 billion yuan in tax rebates, up 3.9%, 869.6▓49 billion yuan in fiscal transfer

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payments including ▓general transfer payments, a 22% increase, and 996.693 bil▓lion yuan in special transfer payments, a 44.6% in

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crease. ▓The large increase in this last item was mainly due to the huge increase in expenditures required to subsidize key lo▓c

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came part of the revenue of local governm▓ents, which made arrangements for their utilization. Transfer payments from the central

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government accounted for an average of 38% of local government spending nationwide and 54.4% in the central and western regions

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. Revenue▓ of local governments totaled 5.159052 trillion yuan, an increase of 988.001 billion yuan or 23.7%, equiva▓lent to 106

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.4% of the target. This consists of 2.86449▓1 trillion yuan collected by local governments and 2.294561 trillion yuan in tax reba

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tes and transfer payments▓ from the central government. Local government expenditures totaled 4.999265 trillion yuan, an increase

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of 1.079057 trillion yuan or 27.5%, equivalent to 103.1% of the target. This total consists of 4.905272 trillion yuan spent b

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y local governments and 93.993 billion yuan ▓turned over to the central government. Revenue exceeded expenditures, leaving a surp

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lus of 159.787 billion yuan, which mainly came from the surplus revenue in the c▓entral and local budgets that was not spent and

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wil▓l be rolled over into local budgets this year. In addition, revenue from government-controlled funds nationwide totaled 1.5

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63635 trillion yuan, an increase of 446.72 b▓illion yuan or 40%. Expenditures from these funds ▓came to 1.49847trillion yuan, repr

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esenting an increase of 530.026 billion yuan or 54.7%. Revenue from the funds controlled by the central government reached 252.5

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oming under budgetary control and strong growth in revenue from the foreign exchange funds controlled by the cen▓tral government.

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Total revenue includes 20.259 billion yuan ▓from the fund for developing the Three Gorges Project, 55.504 billion yuan from the

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fund for developing rai▓lways, 9.621 billion yuan from civilian airport administration and development fees, 9.148 billion yuan▓

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r the construction of large and medium-si▓zed reservoirs, 34.814 billion yuan in profits from the▓ sale of lottery tickets, and 68

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.491 billion yuan from▓ operations of the foreign exchange funds controlled by the central government. Added to the 55.987 bill

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ion yuan from 2007, total revenue came to 308.553▓ billion yuan. Expenditures by the central government f▓rom funds under its cont

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rol totaled 205.672 billion yuan, an increase of 94.5%. This includes 20.456 billion▓ yuan from the fund for developing the Three

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f lottery tickets to support social welfare programs, sports, education and other public service programs, and 68.287 billion yu

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an from operati▓ons of the central government foreign exchange fund.▓ Added to the 46.489 billion yuan in subsidies for local go

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vernments from the fund for providing continuing aid t▓o residents relocated to make way for the construction of large and medium-sized reservoirs and the 56.392 billi▓on yuan rolled over into this year, total expenditures a

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mounted to 308.553 billion yuan. Revenue from funds controlled by local governments reached 1.311069 trillion yuan, up 34.5%. This huge increase was mainly the result of▓ the incorporation of all the income from the transfer

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of land-use rights into local budgets. Total revenue includes 1.037528 trillion yuan from the transfer of land-use rights and compensation for the use of new land for construction and 118.488 billion yuan from road mainte?/p>

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坣ance fees. Total expenditures by local governments taken from the funds they control increased by 49.9% to reach 1.292798 trillion yuan. This figure includes 1.01725 trillion yuan in land-related expenditures which consists of 3▓77.815 billion

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yuan as compensation for land requisition, housing demolition and resident relocation and subsidy▓ grants to farmers for land expropriations, a large inc▓rease of 113% primarily attributable to the widespread inc▓rease in th

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e level of compensation paid to farmers di▓spossessed of their land; and 128.622 billion yuan for developing and protecting farmland; 14.165 billion yua▓n for building low-rent housing; 36.988 billion yu▓an for developing rur


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al infrastructure and developing and pr▓otecting primary farmland; 303.532 billion yuan for promot▓ing urban development; and 156.128 billion yuan genera▓ted from the transfer of the land-use rights of bankrupt state-


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owned enterprises and those converted into▓ joint stock companies and used to provide for their laid-off employees. A total of 117.344 billion yuan was spent i▓n financing road maintenance. Revenue from government▓-controlled funds was used exclusively for its intended pu▓rposes. The discrepancy between revenue and expenditures▓ from these funds in 2008 arose primarily as a consequence of the requirement to roll over a portion of this revenue into this year in accordance with the measures for managing these funds. Full Text: Report on China´s economic, social development planBEIJING, March 15 (Xinhua) -- The following is the fu


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ll text of the Report on the Implementation of the 2008 Plan for National Economic and Social Development and on the 2009 Draft Plan for National Economic and Social Development, which was submitted on March 5 for review at

the Second Session o▓f the 11th National People's Congress: REPORT ON THE IMPLEMENTATION OF THE 2008 PLAN FOR NATIONAL ECONOM▓IC AND SOCIAL DEVELOPMENT AND ON THE 2009 DRAFT PLAN FOR NATIONAL ECONOMIC AND SOCIAL DEVELOPMENT Se

cond Session of the Eleventh National People's Congress March 5, 2009 N▓ational Development and Reform Commission Fellow Deputies, The National Development and Reform Commission has been e▓ntrusted by the State Council to repo

rt on the implementation of the 2008 plan for national economic and soci▓al development and on the 2009 draft plan for national econo▓mic and social development for your deliberation and approval at the Second Session of the E


Shanghai,

China.BEI JING, Marc h 15 (Xinh ua) -- T
he followi ng is the full text of the Rep
ort on the I▓mp lementation of t he Central and L ocal Budgets for
2008 ▓an d on the D raft Centr al and Loc

al Budgets for 200

  • 9, which was submi
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  • UDGETS FOR 2008 AND
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  • gress March 5, ▓200
  • 9 Ministry of Finance
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llow Dep uties, The Minis try of Finance h as been entruste▓d by
the State Cou ncil to report on the implem entation of t
he central and local budgets fo r 2008 and submi t the draft ce
ntral and local budgets for 2009 for your delibe rati▓on and app
roval, and also for comments and is 8 a.m. and?/td> suggestions

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of the Natio

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nal Committee of the Chinese Peopl

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leventh National People's Congress (NPC), and also for comments and suggestions from the members of the National Committee of the ▓Chinese People's Political Consultative Conference (CPP▓CC). I. Implementation of the 2008 Plan for Nationa▓l Economic and Social Development The year 2008 was an extraordinary and eventful year for China.

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Our country's eco▓nomic and social development experienced a variety of severe challenges and tests that were hardly anticipated and rarely seen. Under the leadership of the Communist ▓Party of China (CPC), the people of all our ethnic groups thoroughly applied the Scientific Outlook on Development, followed the plan for national economic and social development adopted at the First Session of the Eleventh NP▓C, surmounted numerous difficulties, and eliminated i▓nterference from emergencies of all kinds. Finally, we won gre

at victories in dealing with the devastatin▓g snow and ice storms in parts of the south and the massive earthquake that hit Wenchuan, Sichuan Province. We successfully held the Beijing Olympic and Paralympic Games and accomplished the Shenzhou VII manned space flight mission.▓ In particular, we actively responded to the severe imp▓act of the global financial crisis, sustained steady and fairly rapid economic development and maintained social harmony and stability. The Plan for 2008 was, on the whole, implemented well. Spotlight focused on scien▓ce, tech frontiersSpotlight focused on science, tech frontiersSpotlight focused on science, tech frontiers05-▓21-2018 09:14 BJTHypersonic craft, computer processor rede▓fine fastFrom hypersonic aircraft to supercomputer modules,▓ science lovers were enthralled by China's newest and most advanced scientific hardware featured at Satur▓

day's launch of the 18th National Science and Technology▓ Week in Beijing.The opening ceremony was held at the Military Museum of the Chinese People's Revolution with 460 exhibitions. The national science week, founded in 2001, is the largest, longest and most participated-i▓n annual science event in China, said Minister of Science and Technology Wang Zhigang at the opening ceremo▓ny.More than 300 million people are expected to participate in about 20,000 open days, exhibitions and other s▓cience-related ev

e Central and Local Budget

ents across China this week. The purpose▓ of these events is to educate the public about recent Ch▓inese scientific achievements and how they improved the national technological prowess and the lives of ever▓yday people, Wang said.Bai Chunli, president of the Chi▓nese Academy of Sciences, said this year's science week features much new scientific hardware that is unfamiliar to the public yet crucial for groundbreaking scientific research."Letting the public see it firsthand will ▓foster greater understand and apprecia

tion for this cutting-edge hardware and China's overall scientific development in recent years," he said.Lingyun 1, a hypersonic ai▓rcraft that can travel at more than five times the speed of sound, or 6,100 kilometer per hour, made its▓ public debut at the museum on Saturday. It was developed by the College of Aerospace Science and Technology at the▓ National University of Defense Technology.The craft has a Chinese-designed supersonic combustion ramjet en▓gine, also known as scramjet, the exhibition panel rel▓ates. T

s for 2008 In the face of the

  • grim and complex sit
  • uations at home and

he missile-shaped Lingyun made its maiden flight in 2015, making it the second low-cost, multipurpose hypersonic vehicle known to the public - the other is▓ the HIFiRE vehicle jointly developed by the Unite▓d States and Australia.A scra

mjet engine can be used t▓o make superfast cruise missiles that can penetrate anti-missile defenses. Technologies from the engine can also be applied to space shuttles abl

e to make multipl▓e trips and rendering space exploration and tourism ▓cheaper and more viable.Fitted on a passenger jet, ▓the engine could propel the aircraft from Beijing to New York in about two hours. While civilian use of this technology is still in its infancy, Chinese scientists from the CAS h

abroad, the people of all our

ave successfully tested a hypersonic plane in a w▓ind tunnel at speeds up to 8,640 km/h, according to papers published in February in the journal Science China Physics, Mechanics& Astronomy.Another new piece of technology that drew attention is the processing modul▓e for China's upcoming exascale supercomputer prototype developed by Sugon, a high-tech company affiliated with the CAS. An exascale supercomputer can make a quintillio▓n - the number one followed by 18 zeros - calculation▓s per second. That is 10 times faster

ethnic gr▓oups under the

than the current world champion, the Chinese Sunway TaihuLight super computer.A major challenge for the design of such a computer is the cooling system. Sugon engineers have creat▓ed a method in which the computer's processors are completely submerged in cooling liquid. This breakthrough has made possible the delivery of a prototype later this ye▓ar, said Chen Jin, vice-general manager of Sugon's Engineering and Technology Center."It's common knowledge that fluid can damage electronics," Chen said. "The catch is

, this is only true with liquid that conducts electrici▓ty, such as water. But we are using a special insulating liquid that does not harm the circuits and that can effectively remove the heat by pumping the material in and▓ out of the system."This technology is called Immers▓ion Phase-Change Cooling. Because the liquid is recycled▓ and reused within the machine, the engineers were able▓ to stack processors with relative ease, thus increasing ▓the computing power, Chen said.Jay Siegel, a US chemist at Tianjin University,

correct leadership of the Communist Pa

  • rty of China and t
  • he guidance of Deng Xi

said it is encouraging that China puts so much effort into and attaches so much importance to educating the public about science on a national scale.Foreign scientists tend to have trouble integrating into Chinese communities due to their work and cultural barriers," but events like these allow u

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s to reach out to the community and teach them about the exciting new scientific achievements that have yet to enter the textbook," he said.Please scan the QR Code to follow us on InstagramPlease scan the QR ▓Code to follow us on WechatBig money aimed at top universitiesBig money aimed at top universitiesBig ▓money aimed at top universities05-28-2018 09:07 BJTGovt investment of 110b yuan to help put China in top talent,▓ quality echelonChina will devote more resources to reforming its manufacturing sector with new, innovati

ve te▓chnologies, while improving the higher education system's a▓bility to produce quality talent capable of original, groundbreaking work, officials said on Saturday.Chin

aoping Theory and the im

a will invest around 110 billion yuan ($17.2 billion) by 2020▓ to help the country's top 42 universities become first-class institutions, while creating 137 universities with first-class standing in specific fields, Yang Wei, form▓er director of the National Natural Science Foundation o▓f China, said during a panel discussion at the 20th annual meeting of the China Association of Science and Technology i▓n Hangzhou, Zhejiang province, which opened on Saturd▓ay.During the opening ceremony, Zhou Ji, president of the C

hinese Academy of Engineering, said high-quality talent c▓an promote greater use of new technologies in China's manufacturing sector and help turn China into a world-▓class manufacturing powerhouse by 2035.Wan Gang, p▓resident of the association, said China needs to become self-sufficient in the core technologies of advanced scientific fields, including space, telecommunications, medical equipment and robotics."Without a strong ability to innovate, our industries are stuck producin▓g mid-to low-tier products," Wan said

portant th

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ought of Three Represents, thoroughly applied th






. "This is a hurdle that we must overcome if China wants to become

n Development and comprehen▓sively implemented the principles and policies of t▓he central leadership and the deci
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