5th Plenary Session of 17th CPC Central Committee to discuss economy

14:37, July 26, 2010      

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The CPC Central Committee Political Bureau decided to convene the Fifth Plenary Session of the 17th CPC Central Committee this October in Beijing at a meeting on July 22.

During the meeting, the CPC Central Committee Political Bureau reported to the Central Committee and studied suggestions on the 12th Five-Year Plan for National Economic and Social development. The meeting also studied the current economic situation and economic work. CPC Central Committee General Secretary Hu Jintao presided over the meeting.

It was noted in the meeting that the 12th Five-Year Plan period is a key time for building a generally prosperous society, furthering reform and accelerating the transformation of the economy. At the meeting committee members stressed the importance of understanding and grasping changes in the domestic and international situation.

Committee members said studying and offering suggestions on 12th Five-Year Plan is an important way to ensure that the plan follows the path of scientific development. They said China must seize and make good use of the important strategic period of national development to maintain stable and rapid economic development, to create an equitable, prosperous society and build socialism with Chinese characteristics.

It was emphasized in the meeting that in order to make the 12th Five-Year Plan, we must hold high the great banner of socialism with Chinese characteristics, adhere to Deng Xiaoping Theory and "Three Represents" as guidance and further implement the scientific development concept.

Also committee members said we must adapt to new changes in the domestic and international situation, follow the ethnic people's expectations for a better life, speed up the transformation of economic development, earnestly safeguard and improve people's livelihood, mitigate the impact of the international financial crisis, and promote stable economic development in the long term, laying the foundation for a prosperous society.

It was pointed out in the meeting that this year, although China has confronted a complex domestic and international economic environment and serious challenges from home and abroad, under the correct leadership of the CPC Central Committee and the State Council, all localities and departments have taken the necessary steps.

Local governments and central departments have thoroughly implemented the concept of scientific development, implemented a one-package plan strictly in response to international financial crisis, strengthened and improved macroeconomic regulation and actively promoted the transformation of economic development.

As a result, the national economy is continually developing toward the expected direction of macro-control. There has been stable and rapid economic growth, a good harvest of summer grain, harmonious investment and consumption growth, basically stability in price, positive results in energy conservation, structural adjustment is progressing and reforms and are being promoted actively.

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