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ChinaDraftsNextFive-YearPlanwithSuggestionfromADB
SeniorofficialsfromtheChinesegovernmentandAsianDevelopmentBankhavemettoanalyzethedraftofthecountry's 12thFive-YearPlan.
Thefurtherexpansionofdomesticconsumptionandimprovingthequalityofeconomicgrowthremainthetopprioritiesoftheplan, whichwillsettheblueprintforChina'sgeneralsocialandeconomicdevelopmentfrom 2011 to 2015.
ChenXihasmore.
ThefundamentalbasisofChina'seconomicrecoveryisstillnotstable, althoughtheworldeconomyappearstobegettingbackontherighttrackfollowingtheglobalfinancialdownturn.
XuXianping, DeputyDirectorofChina'sNationalDevelopmentandReformCommission, madetheremarkwhiledraftingthe 12thFive-yearPlanwithofficialsfromtheAsianDevelopmentBank.
HesayssomenotableissuesarestillblockingChina'seconomicrecoveryastheworldeconomyfacesanumberofuncertainelements.
"Againstthebackgroundofdeeprestructuringandtherecessionofinternationaldemandsoftheworldeconomy, Chinafaceshugepressureasitsgrowthmodelandindustrialstructureheavilydependonforeigntrade. Inaddition, itssocialdevelopmentstilllagsbehindeconomicadvancement, particularlywithrespecttotheaspectsthatconcernthebasicinterestsofthepublicsuchaseducation, medicalcare, housing, incomedistributionandsocialsecurity."
CommentinguponthedraftofChina'snextfive-yearplanthatwillcovertheyears 2011 to 2015, XusaystheChinesegovernmentwillcontinuesomeexistingfavorablepolicies. Healsosaystheexpansionofdomesticconsumptionishighontheagenda.
"Duringthenextfive-yearperiod, wewillmaketheexpansionofconsumptionwithinChinaastrategicprincipleforlong-termandstableeconomicprogress. Theinternalpowerforstructuraloptimizationandupgradingmainlyreliesonself-innovation."
Xusaysthenewplanhighlightssomeotherissues, includingthecoordinateddevelopmentofruralandurbanareas, socialimprovementsandthestrengtheningofresourceconservationandenvironmentalprotection.
LawrenceGreenwood, Jr., Vice-PresidentoftheAsianDevelopmentBank, firmlyechoestheChineseofficials'policiesindraftingthenewplan.
HesaysheexpectsgreatchangesinChina'seconomicmodelinthenextfive-yearplan, sayingpolicespromotingthequalityofgrowthareessential.
"The 12thFive-YearPlanpresentsauniqueopportunitytoaddresslingeringstructuraleconomicstrengthandtoallocateresources, ultimatelyensuringthatrichandpoorpeopleacrosstheregionsofChinawillachievebalancedeconomicdevelopmentinthenext 10 to 15 years. Chinawillberankedasanupper-middle-incomecountryifitseconomycontinuestogrowatthecurrentpace."
Statisticsindicatethatfixed-assetinvestmentinChinaincreasedbymorethan 30 percentin 2009 comparedwiththesameperiodtheyearbefore. Thevolumeofconsumerretailingalsogrewdramatically.
ThetwoelementssubstantiallyoffsetthenegativeimpactofdecliningexportsonChina'seconomyandpushedthecountry'sGDPto 8.5 percentlastyear.
ChenXi, CRINews.