The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Weekly Watch
Expert's View
Market Watch
North American Report
Government Documents
Expat's Eye
Photo Gallery
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue

Print Edition> Business
UPDATED: March 13, 2011 NO. 11 MARCH 17, 2011
Setting Out Strategies for the Future Economy

CONNECTED TO THE WORLD: A highway is under construction in Shenmu County, Shaanxi Province. All villages of the county now have highway access (TAO MING)

Major Targets Set for 2011-15

Annual average GDP growth: 7%

GDP in 2015 (based on 2010 prices): 55 trillion yuan ($8.37 trillion)

Proportion of service industry's output in GDP: up by 4 percentage points

Urbanization rate: to 51.5%

Proportion of R&D expenditure in GDP: 2.2%

Proportion of non-fossil fuels in primary energy consumption: 11.4%

Energy consumption per unit of GDP: down by 16%

Carbon dioxide emissions per unit of GDP: down by 17%

Release of major pollutants: down by 8%-10%

Forest stock: up by 600 million cubic meters

Forest coverage: 21.66%

Jobs created: 45 million

Average annual growth of residents' income: more than 7%

Proportion of expenses for medical treatment paid out of the medical

insurance fund: more than 70%

Urban low-income housing coverage: 20%

Achievements During the 11th Five-Year Plan (2006-10) Period

Economic growth: From 2006 to 2010, the real average annual growth of GDP reached 11.2 percent.

Total economic volume: In 2010, China's GDP was 39.8 trillion yuan ($6.06 trillion), surpassing that of Japan and making China the world's second largest economy.

Per-capita GDP: Preliminary estimates show China's per-capita GDP was 29,748 yuan ($4,527.85) in 2010. The average annual real growth during the 11th Five-Year Plan period was 10.6 percent, which was 1.5 percentage points higher than in the 10th Five-Year Plan period.

Fiscal strength: In 2010, the country's fiscal revenue was 8.31 trillion yuan ($1.26 trillion), up 1.6 fold than in 2005, with an average annual growth of 21.3 percent.

Foreign exchange reserves: At the end of 2010, the country's foreign exchange reserves reached $2.85 trillion, up 2.5 fold from 2005. China's foreign exchange reserves surpassed Japan's in 2006, ranking first in the world for five consecutive years.

Domestic demand: From 2006 to 2010, contributions of domestic demand to the economic growth were 83.9 percent, 81.9 percent, 91 percent, 138.9 percent and 92.1 percent, respectively. Compared with 2005, contributions of domestic demand to the economic growth in 2010 were 15.2 percentage points higher.

Industrial structure: In 2010, the tertiary industry, or the service industry, accounted for 43 percent of the country's total GDP, up 2.5 percentage points from 2005; the proportion of the secondary industry (manufacturing and construction) dropped from 47.4 percent in 2005 to 46.8 percent in 2010; the proportion of the primary industry (agriculture) dropped from 12.1 percent in 2005 to 10.2 percent in 2010.

Urbanization: In 2009, the urban population accounted for 46.6 percent of the total population, up 3.6 percentage points from 2005.

Regional development: In 2010, China's eastern region contributed 53 percent to the country's total GDP, 2.5 percentage points lower than in 2005; contributions of the central and western regions were 19.7 percent and 18.7 percent, up 0.9 percentage points and 1.6 percentage points respectively.

Infrastructure: During the 11th Five-Year Plan period, urban infrastructure investment totaled 22.1 trillion yuan ($3.36 trillion), an average annual growth of 21.8 percent.

Grain production: From 2006 to 2010, grain outputs were 498.04 million tons, 501.6 million tons, 528.71 million tons, 530.82 million tons and 546.41 million tons, respectively.

Energy production: In 2010, China produced 2.99 billion tons of standard coal, up 38.3 percent than in 2005, with an average annual growth of 6.7 percent.

Transportation: The total operational railway mileage was increased from 75,000 km in 2005 to 91,000 km in 2010; the highway mileage was increased from 3.35 million km in 2005 to 3.98 million km in 2010; the mileage of expressways was increased from 41,000 km in 2005 to 74,000 km in 2010.

Telecommunications: In 2010, the number of fixed and mobile phones totaled 1.15 billion, up 55.1 percent than in 2005. The number of mobile phones was 859 million, 1.18 fold the figure in 2005. The number of Internet users was 457 million, with Internet covering 34.3 percent of the total population.

Foreign trade: In 2010, the volume of exports and imports totaled $2.97 trillion, up 1.09 fold than in 2005, with an average annual growth of 15.9 percent. Of the total, exports were valued at $1.58 trillion, up 1.07 fold than in 2005, with an average annual growth of 15.7 percent; imports were valued at $1.39 trillion, up 1.11 fold than in 2005.

Foreign trade structure: In 2010, China's exports of mechanical and electric products increased 1.2 fold and those of high and new technology products up 1.3 fold than in 2005. Exports of these two categories of products accounted for 59.2 percent and 31.2 percent of the country's total exports, up 3.2 percentage points and 2.6 percentage points respectively than in 2005. In 2010, imports of mechanic and electric products as well as high and new technology products increased 0.9 fold and 1.1 fold than in 2005, while imports of iron ore and concentrate as well as crude oil increased 1.2 fold and 0.9 fold than in 2005.

Foreign direct investment: From 2006 to 2010, the paid-in foreign direct investment totaled $426 billion, an average annual growth of 11.9 percent. China has ranked first among developing countries of attracting foreign investment for 18 consecutive years.

Outbound direct investment: In 2010, the outbound direct investment (non-financial sectors) by Chinese investors was $59 billion, up 3.8 fold than in 2005, with an average annual growth of 36.9 percent.

Employment: The number of employed people was increased from 758.25 million at the end of 2005 to 779.95 million at the end of 2009, up by 5.43 million every year on average.

Resident income: In 2010, the per-capita disposable income of urban residents was 19,109 yuan ($2,909), up 82.1 percent than in 2005. The per-capita net income of rural residents was 5,919 yuan ($900) in 2010, up 81.8 percent than in 2005.

Living standard: In 2010, the per-capita consumption expenditure of urban residents stood at 13,471 yuan ($2,050), up 69.6 percent than in 2005. The per-capita consumption expenditure of rural residents was 4,382 yuan ($666.97), up 71.5 percent than in 2005.

Social security: At the end of 2010, a total of 256.73 million people participated in the urban basic pension program, an increase of 81.85 million than in 2005; a total of 432.06 million people participated in urban basic health insurance program, an increase of 294.23 million; some 133.76 million people participated in unemployment insurance programs, an increase of 27.28 million. In 2010, 96.3 percent of rural residents were covered by the new rural cooperative medical care system.

Education: During the 11th Five-Year Plan period, China realized free compulsory education, and the average schooling time increased from 8.5 years to nine years.

Science and technology: In 2010, expenditures on research and development activities were worth 698 billion yuan ($106.24 billion), up 1.85 fold than in 2005, accounting for 1.75 percent of GDP, which was 0.43 percentage points higher than in 2005.

Public health: At the end of 2010, there were 939,000 health institutions in China, an increase of 57,000 from 2005. Health workers numbered 5.84 million, an increase of 1.28 million from 2005.

Culture: At the end of 2010, there were 2,860 public libraries in China, 98 more than at the end of 2005. Radio broadcasting and television broadcasting coverage rates were 96.8 percent and 97.6 percent, which were 2.3 percentage points and 1.8 percentage points higher than at the end of 2005.

Environment: In 2010, among the 330 cities covered by air quality monitoring program, 273 cities reached or topped air quality standard Grade II, accounting for 82.7 percent of all cities under the program, which was 22.4 percentage points higher than in 2005. At the end of 2010 city sewage treatment rate was 76.9 percent, up 24.9 percent over the end of 2005.

Energy saving: From 2006 to 2010, the energy consumption per unit of GDP decreased by 19.06 percent, almost finishing the 20-percent goal set in the 11th Five-Year Plan.

Pollution control: In 2010, the chemical oxygen demand emissions decreased by 12 percent over 2005, and emissions of sulfur dioxide decreased 14 percent, both better than the goals in the 11th Five-Year Plan.

(Source: National Bureau of Statistics)


   Previous   1   2  

Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Related Stories
-New Plan Presents New Hope
-Aiming for Quality Growth
-Setting Targets for 2011
Most Popular
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved