China's progress in past 10 years

0 Comment(s)Print E-mail Xinhua, November 6, 2012
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Over the past 10 years, China has achieved average yearly economic growth of 10.7 percent, far above the world's 3.9 percent in the same period. The country has taken second place in the world's GDP rally, with an average per-capita annual GDP of 5,432 U.S dollars, up from 1,135 U.S. dollars in 2002.

The Three Gorges Project was accomplished in 2008. [File photo] 



In the meantime, China has made enormous achievements in different fields, such as lifting the urbanization rate to over 50 percent from less than 40 percent, completing the Three Gorges Project and the Qinghai-Tibet Railway, the hosting of the Beijing Olympic Games in 2008 and the Shanghai World Expo in 2010, and conducting manned space journeys and manned deep-sea expeditions.

Over the past 10 years, China has experienced a series of major disasters and unexpected incidents. These include the outbreak of SARS (Severe Acute Respiratory Syndrome) in 2003, the catastrophic earthquake that took place in southwest China's Sichuan Province and its neighboring areas in 2008, the separatist unrests in Tibet and Xinjiang autonomous regions, and the global financial crisis.

To deal with the world financial crisis several years ago, the CPC and the Central Government had launched a package of resolutions. These include giving subsidies to the sale of electric home appliances in the countryside, tax reforms, and four trillion yuan (634 billion U.S. dollars)investment by central and local governments. Decisions were also made to revive 10 industries, which helped the country to gain a V-turn in its economic development by then end of 2009.

In the past 10 years, the Party leadership has attached great importance to people's health and welfare. Now, more than 1.3 billion Chinese, both urbanites and rurals, have been covered with medical insurance.

From 2003 through 2011, the government has poured 16.47 trillion yuan (2.54 trillion U.S. dollars) into areas closely related to people's welfare, including education, health, social security, employment, and housing for low-income families.

In the period, the relations between China and the outside world have witnessed profound changes.

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