The first session of the 12th National People's Congress (NPC) opens at the Great Hall of the People in Beijing, March 5, 2013. [Photo/Xinhua]

BEIJING - The 12th National People's Congress (NPC), China's parliamentary body, opened its first annual session Tuesday morning at the Great Hall of the People in Beijing.

NPC deputies will elect new president and vice president, decide on a new premier, vice premiers and cabinet, as well as approve a government institutional reform plan.

Nearly 3,000 NPC deputies from across the country attended the opening meeting along with top Party and state leaders Hu Jintao, Xi Jinping, Wu Bangguo, Wen Jiabao, Jia Qinglin, Li Keqiang, Yu Zhengsheng, Liu Yunshan, Wang Qishan and Zhang Gaoli.

Premier Wen Jiabao delivered a government work report at the opening meeting, chaired by Zhang Dejiang, executive chairperson of the session's presidium.

It was the last time that Wen delivered the government work report as the premier.

Wen's report set the country's economic growth target of this year at 7.5 percent and promised to curb the Consumer Price Index (CPI) increase at around 3.5 percent.

It also vowed to create more than 9 million new urban jobs and keep the registered urban unemployment at or below 4.6 percent.

The government will work to ensure that the per capita income of residents increases in step with economic growth, according to the report which was distributed to media ahead of the meeting.

The year 2013 is the first year for fully carrying out the guiding principles of the 18th Communist Party of China (CPC) National Congress, a crucial year for continuing to implement the 12th Five-Year Plan and an important year for laying a solid foundation for finishing building a moderately prosperous society in all respects, said Wen's report.

"China remains in an important period of strategic opportunities during which much can be accomplished," it said.

There are many favorable conditions and positive factors as well as a number of risks and challenges for China's economic and social development, the report said.

The profound impact of the global financial crisis persists, and the recovery of the world economy is full of uncertainty and not yet on a stable footing, it said.

Related:

Highlights: Premier Wen's government work report

BEIJING - Following are the highlights of a government work report distributed to media ahead the annual session of the National People's Congress (NPC) Tuesday morning.

Major targets for 2013

-- Gross domestic product (GDP) grows about 7.5 percent.

-- Consumer Price Index (CPI) increase will be kept around 3.5 percent.

-- A deficit of 1.2 trillion yuan ($190.48 billion) is projected, 400 billion more than the budgeted figure last year and accounting for 2 percent of GDP. Full story >>