The implementation of the 11th Five-year Plan for National Economic and Social Development of the People’s Republic of China is coming to an end. The 11th Five-year Plan period is highly unusual and exciting. Over the past 5 years,we have turned the crisis into opportunities and scored great accomplishments by eliminating the impact of the global financial tsunami and properly dealing with earthquake and other disasters. According to a preliminary estimate,annual growth of GDP during these five years is above 10%. In terms of GDP,China was ranked the second worldwide. In terms of exports,China was ranked the first worldwide. Per capital GDP reached US$4K,indicating that people’s living standard has greatly improved. All the development objectives written in the Plan have fully achieved. The 11th Five-year Plan period is a period of great brilliance and importance in the great rejuvenation of the Chinese nation.
In 2006 and 2007,the first two years in the 11th Five-year Plan period,China reached the peak in a new round of national economic uptrend. In 2006 and 2007,Chinese economic growth rate was 12.7% in 2006 and 14.2% in 2007. In terms of macro-control policy orientation,we had to call for urgent steps to prevent economic overheating. The over-reliance of economic growth on investment and export,the secondary industry,as well as increased consumption of material resources,has already severely restricted the sustainability of economic development. In 2007,a proposal of the transformation of economic development methods was written in the 17th National Congress of the CPC report. As the fundamental measure for the implementation of the Scientific Outlook on Development,the proposal is a major strategic decision to address deep-seated contradictions in economic life. In the second half of 2008,it became more urgent to transform economic development methods in our country,because China’s export was negatively affected by the recent financial crisis,which broke out first in United States and soon swept throughout the world. Fortunately,the CPC Central Committee timely made a decision to implement RMB4 trillion fiscal stimulus package plan,which offsets the effect of decreased exports on China’s economic growth. From 2008 to 2009,economic growth took a “V” shape. Despite a decline of nearly 20% in exports,Chinese economy managed to grow 9.6% in 2008 and 9.1% in 2009. Thanks to the growth of Chinese economy in a stable and rapid way,we made great contributions to propelling the recovery of the global economy. In 2010,Chinese economy was still in recovery at first and then went into a track of steady and rapid growth. It is estimated that the annual economic growth rate for 2010 is about 9.8%,enabling China to put a successful end to the 11th Five-year Plan period. If we depict the economic trend for the past five years in a curve,it went from high to low at first and then from low to high. The successful practice of the 11th Five-year Plan period fully shows the superb art of the CPC Central Committee,the State Council in the timing of making decisions in the face of a complex situation,which proves the resilience of our economy in withstanding the risks on the international market.
When summarizing the successful experience during the 11th Five-year Plan period,I think we should conscientiously review and adhere to the following aspects: