CHINA (2006-10)

A REVIEW OF THE 11TH FIVE-YEAR PLAN

People’s Daily, March 2, 2011

This year marks the beginning of the 12th Five-Year Plan (2011-2015). The blueprint is expected to be discussed at the annual session of the National People's Congress on Saturday.
China Daily takes a look back at the 11th Five-Year Plan (2006-2010) and how it was implemented.

Rapid economic growth

In 2010, China surpassed Japan as the world's second-largest economy with GDP reaching 39.8 trillion yuan ($6.1 trillion), a 69.9-percent increase from 2005 after adjusting for inflation.
The average annual growth rate from 2006 to 2010 was 11 percent, far exceeding the target of 7.5 percent set in 2006.

Per capita annual income also grew rapidly. In 2010, urban income reached 19,109 yuan, up 82.1 percent in five years, while rural income was 5,919 yuan, up 81.8 percent.

Employment and an aging population

The population now stands at 1.341 billion, and the number of people with jobs increased from 758 million in 2005 to 780 million at the end of 2009. Challenges lie ahead as the population ages: the number of people in the workforce will decline, and spending on welfare and healthcare will increase.

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