Charting the Course
China reviews the year gone by and sets new goals accordingly
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
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
Special> Boao Forum for Asia 2015> Exclusive
UPDATED: March 9, 2015 NO. 11 MARCH 12, 2015
Economic Situation Still Bright
Despite challenges, the Chinese economy is in good condition to fulfill its development objectives
By Mei Xinyu

The continuous growth of China's comprehensive economy has brought more value to the label of "Made in China." This is what is needed for upgrading industries. Only when a country has the world's most advanced technology can its products be accepted and purchased by most customers.

If in the past, China was not strong enough to build up such image, now China is becoming more and more qualified to do so.

"China is the largest developing country in the world; it is still in the primary stage of socialism, where it will remain for a long time to come. At this stage, development is of primary importance—it is both the basis for and the key to solving every problem we face. In order to defuse problems and risks, avoid falling into the 'middle-income trap' and achieve modernization, China must rely on development, and development requires an appropriate growth rate," the report says. I applaud this statement.

The author is an op-ed contributor to Beijing Review and a researcher with the Chinese Academy of International Trade and Economic Cooperation

Email us at: zanjifang@bjreview.com

Tasks for 2015

- Fixed Assets Investment

477.6 billion yuan budgeted by the Central Government

800 billion yuan in railway construction

8,000 km of railways to open

27 new water conservancy projects to start construction

More than 800 billion yuan in major water conservancy projects under construction

- Agriculture and Rural Development

Grain output above 550 million tons

13.3 million hectares of cropland for subsoil improvement

60 million rural residents to gain access to safe drinking water

200,000 km of rural roads to be built or upgraded

More than 10 million rural people to be out of poverty

- Urbanization

7.4 million units of government-subsidized housing to be built, including 5.8 million in rundown urban areas, a year-on-year increase of 1.1 million

3.66 million dilapidated rural houses to be renovated

- Social Security

A 10-percent increase in basic pension benefits for enterprise retirees

Monthly basic pension benefits for rural and non-working urban residents to be uniformly raised from 55 yuan to 70 yuan per person

- Medical Service

Annual government subsidy for basic medical insurance for rural and non-working urban residents to be increased from 320 yuan to 380 yuan

Annual subsidy for government expenditures on basic public health services to be elevated from 35 yuan to 40 yuan per capita

- Environmental Protection

3.1-percent cut in the intensity of carbon dioxide

2-percent reduction in both chemical oxygen demand and ammonia nitrogen emissions

3-percent drop in sulfur dioxide emissions

5-percent cut in nitrogen oxides

- Ecological Improvement

670,000 hectares of marginal farmland to be returned to forest

6 million hectares of land to be afforested

($1=6.12 yuan)

(Source: Report on the Work of the Government)

   Previous   1   2  

Top Story
-Empowerment Through Infrastructure
-Special Reports: APEC China 2014
-Protection at Home
-A Weaker Union
-Will the 'China Miracle' Continue?
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