Economy

CPC issues guiding proposals for 5-yr development

(Xinhua)
Updated: 2010-10-28 11:03

BEIJING - The Communist Party of China (CPC) on Wednesday issued the full text of a proposal that will play a crucial role in shaping the country's development over the next five years.

The document, the CPC Central Committee's Proposal on Formulating the Twelfth Five-year Program (2011-2015) on National Economic and Social Development, was adopted at the Fifth Session of the 17th CPC Central Committee which ended Oct 18.

Divided into 12 parts, the proposal provides the basis for drafting the 12th five-year program. It includes accelerating transformation of economic development pattern, further expanding domestic demand and pushing forward the modernization of agriculture.

The proposal also stresses development of a modern industrial system, coordinated development of all regions, and the building of an energy-efficient and environmentally-friendly society in the coming five years.

The document lists the following as the major targets for economic and social development in the next five years:

-- to maintain stable and relatively fast economic growth;

-- to achieve major development in economic restructuring;

-- to universally raise people's incomes at a relatively fast pace;

-- to remarkably enhance social construction;

-- to continuously deepen reform and opening-up.

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"With the efforts from all the people in the country, substantial progress shall be made in transforming the economic development pattern; the country's comprehensive national power, international competitiveness and capability in shielding against risks shall be remarkably strengthened; notable progress shall be made in meeting people's living and cultural demands; the foundation for the making of a better-off society in an all-round way shall be further consolidated," the document says.

China is still in an important period of strategic opportunities during which there is a great deal China can achieve, and it is faced with both precious historic opportunities and plenty of foreseeable and unforeseeable risks and challenges, the document says.

"We should strengthen the awareness of opportunities and potential risks," the document says.

The Twelfth Five-year Program on National Economic and Social Development, to be drafted by the State Council, is expected to be reviewed at the Fourth Session of the Eleventh National People's Congress next March.