Chapter 33 V. The Twelfth Five-Year Plan

The Communist Party Congress and the Five-Year Plan play a key role in formulating China's national policy.Its main political intentions were adopted in preparatory meetings. China's five-year plan and congress are complementary.They allow China's policies to be corrected and coordinated. In 2006, the Eleventh Five-Year Plan was adopted until 2010.The Seventeenth National Congress of the Communist Party of China was held in October 2007, and many meetings have been held since then.These two events determine the future direction of China's development. The 18th National Congress of the Communist Party of China will be held in October 2012. The 12th Five-Year Plan (2011-2015) has also begun. What will China's future be like?

2006 Policy: Ten Key Words for the Seventeenth Congress of the Communist Party of China 1. Scientific development 6. Democracy and citizenship 2. Respect human rights 7. Oppose corruption 3. The first country 8. Ecological civilization 4. Capital market 9. Peacefully resolve the Taiwan issue 5. Social construction 10. Harmonious world China's five-year plan guides the country's development goals while providing the basis for meeting China's needs. All five-year plans have played a key role in China's development process, and the 2011 one is no exception.The top priority of the Chinese government's work in 2011 is to reduce inflationary pressures.The Chinese government has locked in a GDP growth rate of around 8%, which will remain at 7% for the next five years.This growth rate has slowed down compared with the past five years.

In a speech at the National People's Congress in March 2011, Chinese Premier Wen Jiabao said that it is necessary to increase social investment to control inflation and eliminate this factor that causes dissatisfaction among the people.In the next five years, the inflation rate should be controlled at around 4%, and the budget deficit should be limited to 2% of GDP. Chinese President Hu Jintao emphasized at the meeting that the people's welfare must also be guaranteed and improved. China should ensure steady economic growth to promote a sustainable development process while avoiding economic overheating and other problems that may arise during rapid economic development.

The basic content of the "Twelfth Five-Year Plan" is divided into twelve parts, including accelerating the transformation of the economic development model, expanding domestic demand and promoting agricultural modernization.The plan also proposes to establish a modern industrial system, realize the coordinated development of various regions, and establish an energy-saving and environment-friendly society in the next five years. At the Fifth Session of the Seventeenth Central Committee of the Communist Party of China, the "Twelfth Five-Year Plan" was established to focus on the following issues:

Relatively fast and steady economic growth; accelerate economic transformation; Rapidly increase the income level of residents; implement social reforms; Deepen reform and opening up. China is in an important strategic period.During this period, China has not only ushered in historic opportunities, but will also face many foreseeable or unforeseen risks and challenges. The 12th Five-Year Plan is crucial, and it will further lead China to become an industrialized country, which is its top priority. China will devote itself to the development of innovations in technology, industrial structure and system to cope with the challenges brought about by limited resources and the environment.