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During the "Eleventh Five-Year Plan" period, China achieved a "great national dream", its gross domestic product (GDP) exceeded 30 trillion yuan, its foreign exchange reserves reached 2.45 trillion U.S. dollars, and exceeded 7.5 in the "Eleventh Five-Year Plan". % of economic growth targets. The next 12th five-year plan has attracted much attention.
Xinhua News Agency reported on Tuesday that the formulation of the "Twelfth Five-Year Plan" should adapt to the new changes in the domestic and international situation, promote the long-term stable and rapid development of the economy and social harmony and stability.
"We must pay more attention to overall coordinated and sustainable development, pay more attention to overall consideration, pay more attention to safeguarding and improving people's livelihood, and promote social fairness and justice," the meeting said.
The meeting pointed out that adhering to scientific and technological advancement and innovation as an important support to speed up the transformation of economic development methods, insisting on ensuring and improving people’s livelihood as a fundamental starting point and end result of accelerating the transformation of economic development methods, and persisting in accelerating the construction of a resource-saving and environment-friendly society. The important focus of changing the mode of economic development, and insisting on reform and opening up as a means to accelerate the transformation of economic development.
The meeting also decided that the fifth plenary session of the 17th Central Committee of the Communist Party of China was held in Beijing from October 15th to 18th.
The industry had previously generally predicted that China's economic growth may slow down during the 12th Five-Year Plan period, and speed up economic restructuring and changes in production methods, more emphasis on how to "rich people" or an important content.
Twelfth Five-Year Plan Pays More Attention to Protecting People
The China Politburo meeting held on Tuesday pointed out that the formulation of the "Twelfth Five-Year Plan" (2010-2015) plan will place greater emphasis on ensuring and improving people's livelihood, speeding up the transformation of economic development throughout the economic and social development, and strategically adjusting the economic structure. As the main direction to speed up the transformation of economic development.