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Cheer for China

China's foreign direct investment (FDI) in the "11th Five-Year Plan" period (2006-2010) is predicted to top 420 billion U.S. dollars, Ministry of Commerce (MOC) said Monday.
The Fifth Plenary Session of the 17th Central Committee of the Communist Party of the China (CPC) will be held Oct. 15-18 in Beijing to discuss proposals for China's 12th Five-Year Program (2011-2015) on national economic and social development.
The concept of inclusive growth may not mean much for ordinary people, but for some economists looking ahead, it promises a new strategy for China's future development.
What Is the Five-Year Plan

The Five-Year Plan for National Economic and Social Development, or the Five-Year Plan, mainly aims to

  • ·arrange national key construction projects, manage the distribution of productive forces and individual sector's contributions to the national economy, map the direction of future development, and set targets. From 1949 to 1952, the economy was in its so-called recovery period. In 1953, the central government implemented its first five-year plan. Except for a period of economic adjustment between 1963 and 1965, a total of eleventh five-year plans have been made and implemented to date. The five-year plan for 2006-2010 is called the 11th Five-Year Development Guidelines.

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