Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 11:53, March 05, 2006
China to see 7.5% annual growth in next 5 years
font size    

Premier Wen Jiabao has proposed an annual growth rate of 7.5 percent for the national economy during the 11th Five-Year Plan period (2006-2010).

This indicates a projected target of doubling the per capita GDP of 2000 by the year 2010.

Wen made the proposal Sunday in Beijing while delivering a report on the work of the government at the opening meeting of the Fourth Session of the Tenth National People's Congress (NPC), China's top legislature.

Between 2001 and 2005, China's GDP grew at an average annual rate of 9.5 percent, 0.9 percentage points higher than the annual figure in the Ninth Five-Year Plan period (1996-2000).

According to the latest data from the first national economic census and the actual economic performance in 2005, the GDP growth rate during the 10th Five-Year Plan period (2001-2005) was higher than originally projected.

If the average annual growth rate is maintained at 7.5 percent during the 11th Five-Year Plan period, the goal of doubling the 2000 per capita GDP by 2010 set in the proposal last year by the Communist Party of China Central Committee will be surpassed, Wen said.

"This is an ambitious target, but we can attain it with hard work," the premier said.

When making a comparison between the 11th Five-Year Plan and the previous 10th Five-Year Plan, Duan Yongji, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), China's top political advisory body, said that the economy used to be fueled by investment with industry as the leading force, but domestic consumption and innovation are expected to play a bigger role.

The priorities for the 2006-2010 period are quality and innovation, he said.

"Only in this way can China cure the chronic illness of slow accumulation of wealth amid fast economic growth," Wen said.

Giving priority to quality is a "good thing," China's economy is bound to be more healthy, he said.


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
- Facts and figures: China's major targets for 2006

- Facts and figures: China's major achievements in 2005

- China expects 8% growth in 2006: Premier Wen

- China pledges elimination of rural compulsory education charges in two years

- China to cut energy consumption by 4 percent in 2006

- China to spend 14% more in building "new countryside"

- China hikes sci-tech input by 19.2%, jump-starting drive for "innovative country"


Manufacturers, Exporters, Wholesalers - Global trade starts here.
Copyright by People's Daily Online, all rights reserved