Looking back on the 11th Five-Year Plan

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With strenuous efforts during the period of the 11th Five-year Plan, China's productivity and national strength increased significantly, while people's lives saw remarkable improvement. In the past five years, the country not only impressed the world with the successful Beijing Olympic Games and Shanghai Expo, but also proved its efficiency in natural disaster relief and countermeasures against the impact of the global economic crisis.

GDP per capita grew faster than expected

China maintained an annual average growth rate of 10.7% between 2006 and 2009, much higher than the preset target in the 11th Five-Year Plan. As of 2009, the economic development goal of the 11th Five-Year Plan had been achieved ahead of schedule. During this period, the annual growth of China's population was at about 5 in a thousand, lower than the expected 8 in a thousand. In the meanwhile, the growth rate of GDP per capita surpassed the 6.6% expectation to reach 10.2%.

Public services and people' living standard improved

During the period of the 11th Five-Year Plan, the numbers of people covered by the urban endowment insurance and the new type of rural medicare system have increased sharply. In the meanwhile, great progresses were also made in education, employment and rural labor force transfer, while per capita disposable Income in urban and rural areas grew steadily.

China comes into the 'high speed rail age'

In the period of the 11th Five-Year Plan, China saw remarkable progress in railway construction. The world's largest high-speed railway network, the advanced plateau railway and train acceleration on existing lines provide important guarantees for the development of the national economy and the comfortable travels of the people.

Since 2003, China has approved more than 4 trillion yuan investment for railway construction, with 1.5 trillion yuan already utilized and 700 billion yuan earmarked for the railway construction in 2010. China built more than 16,000 kilometers railway in the 11th Five-Year Plan period. The length of railway in operation stretched more than 90,000 kilometers by the end of 2010.

Achievements in energy saving and emission reduction

In recent years, great efforts have been made to eliminate backward production capacity and popularize new technology for energy-saving and emission cuts. Based on this, the goal of reducing 20% energy consumption per unit of GDP has been achieved during the 11th Five-Year Plan.

More inbound and outbound investments

During the period of the 11th Five-Year Plan, China maintained the policy of boosting domestic demand while stabilizing exports, making full use of domestic and international markets and resources. China also succeeded in overcoming the impacts of the international financial crisis, reaping great achievements in domestic and international trade and international economic cooperation, achieving new leaps in business development.

During the period, the sum of utilized foreign capital hit 420 billion U.S. dollars, ranking number 2 in the world, 1.5 times as much as that of the 10th Five-Year Plan (2001-2005). Domestic trade volume grows at a high speed and consumer goods retail sales reached 13.3 trillion yuan.

In these five years, China's direct outbound investment exceeded 200 billion dollars, with a 30% annual growth rate. By the end of 2009, China had established 13,000 enterprises in 177 countries and regions with investment mounting to 245.8 billion dollars. The assets of overseas enterprises had surpassed 1 trillion U.S. dollars. A total of 16 economic and trade cooperation zones were established.

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