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Article featured in Business Beijing, October 2005
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New Five-year Economic Plan Proposed

2005/10/31

The 16th Central Committee of the Communist Party of China (CPC) ended its fifth plenary session in Beijing by approving the proposals for formulating the 11th Five-Year Plan for National Economy and Social Development.

The nation's development model will be adjusted under the new five-year economic blueprint to better address a yawning wealth gap between urban and rural areas.

Xinhua News Agency said the plan had been adopted but did not immediately reveal details surrounding its contents.

The 11th economic and social development plan is expected to enshrine President Hu Jintao's drive to build a "harmonious society" by narrowing the gap between rich and poor and by curbing widespread environmental degradation.

Participants at the meeting included 191 members and 150 alternate members of the CPC Central Committee. The Political Bureau of the CPC Central Committee presided over the meeting.

Hu, general secretary of the CPC Central Committee, gave a work report on behalf of the Political Bureau of the CPC Central Committee. Premier Wen Jiabao elaborated on the draft proposal.



 
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