Drawing a roadmap for moderately prosperous society

By Wang Wen and Jia Jinjing
0 Comment(s)Print E-mail China.org.cn, November 2, 2015
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Ready to take off [By Zhai Haijun / China.org.cn]

To build a moderately prosperous society in all aspects by 2020 is one of the "two centenary goals" of the great rejuvenation of the Chinese nation, and also a strategic target to the strategic layout known as the "Four Comprehensives."

This is of great importance for the realization of the Chinese Dream, and the great rejuvenation of the Chinese nation. In this regard, the 13th Five-Year Development Plan, which was deliberated at the recently concluded fifth plenary session of the 18th Communist Party of China (CPC) Central Committee, is the first complete five-year plan under President Xi Jinping that provides a roadmap for the whole country in the coming five years.

What do we mean by "a moderately prosperous society in all aspects," and how should it be achieved?

In 2012, the 18th CPC National Congress released a blueprint for this with six essential requirements: firstly, achieving significant progress for transformation of economic development mode; secondly, doubling the 2010 GDP and per capita income of urban and rural residents while maintaining balanced, harmonious and sustainable development; thirdly, ensuring that technological progress contributes more to economic growth; fourthly, promoting coordinated development of industrialization, informatization, urbanization and agricultural modernization; fifthly, basically completing the regional coordinated development mechanism; and sixthly, promoting reform, opening up and international competitiveness through cultivating new advantages for the nation's economic development.

These six requirements are based on a "five-in-one" overall layout, which features combining construction of a well-rounded economy with political, cultural, society and ecological advancement. This pays more attention to balanced and sustainable development, and is designed to create a better living environment and a "beautiful China." Therefore, only when the fulfillment of the six requirements is based on the "five-in-one" overall layout can we say that China becomes a moderately prosperous society.

In the period of the 13th Five-Year Plan (2016-2020), the challenge, situation and tasks of China's development will be much different from those of the 2010-2015 period. It involves a transformation from the traditional economic growth mode relying on large-scale investment and exports towards coordinated development between consumption, investment and export; a move to coordinated development of the primary, secondary and tertiary industries from focusing on secondary industry alone; a transformation from depending on productive resources consumption to technological progress, enhanced workers' education level, and innovative production mode.

The main target is to adapt to the "new normal" of economic development, deepen all-round reform, uphold reform and innovation, and well handle relations between government, society and market, so as to realize the transformation from capital accumulation to total factor productivity.

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