China's GDP to reach 12.5 Trillion yuan by 2005: Official

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Last updated at: (Beijing Time) Thursday, April 25, 2002

China's GDP to reach 12.5 Trillion yuan by 2005: Official

China's GDP is expected to reach 12.5 trillion yuan and the GDP per capita 9,400 yuan by 2005 according to the price of 2000, official with the State Development Planning Commission (SDPC) said Wednesday

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China's GDP is expected to reach 12.5 trillion yuan and the GDP per capita 9,400 yuan by 2005 according to the price of 2000, said Li Zibin, vice-minister of the State Development Planning Commission (SDPC).

Li noted during the "Tenth-Five Yea" period China will remain the rapid economic development and its quality and profit of the economic development will be dramatically enhanced. The economic growth will average 7 percent per year. China will keep carrying out positive financial policies and issue long-term bonds of 15 billion yuan to strengthen the construction of key projects and stimulate the economy to grow further.

Li added China's new labor force in urban areas and transferred labor force from farmers will hit 8 million on average per year from 2001 to 2005. It is a priority to increase their income and improve their purchasing power when expanding domestic demands.

By PD Online Staff Yang Ruoqian

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