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Thursday, February 24, 2000, updated at 16:59(GMT+8)


Business

Over 2.1Trillion Yuan Estimated on China's 10th Five-year Plan Construction

A report by the State Development Planning Commission's Subject Study Group entitled "A Forecast of the 10th Five-year Plan Investment Sources and Scale" places China's GDP at a total of over 5.604 trillion yuan during the 10th Five-year Plan period. Of these, a social investment of over 2.1 trillion yuan is to be made to show a growth rate over that of the country's economy

China is said by the Study Group at the end of its high economic growth and that with a new economic growth phase featuring stable quality growth going to arrive it is rational for China to attain an average growth of 7 percent by its economy.

Meanwhile, a gradual drop to 0.171 by 2005 from 0.18 in 1999 to show an average of 0.174 will be witnessed in China's investment coefficient to be attained from every 100 yuan.

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