During the "11th Five-Year Plan" period, the process of the "four new -izations" characterized by industrialization, urbanization, marketization and internationalization will be fully accelerated, and the Chinese economy will thus release tremendous vigor.

Acceleration of industrialization refers to the fact that currently the output of China's principal industrial products have ranked first in the world, the country is becoming the world's largest industrial production base. Faster urbanization refers to the rapid growth of China's urban population. Quickening marketization refers to the fact that China has become one of the most open markets in the world, as well as a market which witnesses the fiercest competition in the world, of the world's top 500 enterprises, 450 have entered into the Chinese market. Acceleration of internationalization means that the proportion of GDP in relevance to international capital increased from 25.4 percent in 2000 to 37.7 percent in 2004. Promoting the development of "four new -izations" provides an important condition for maintaining the rapid development of China's economy.

(Source: People's Daily Online September 30, 2007)