Targets for the 11th (and Misses for the 10th) Five Year Plan

Related entries: Economy, General

The China Daily reported on comments by Minister Ma Kai and vice minister Zhu Zhixin of China’s National Development and Reform Commission (NDRC) about the 11th Five-Year plan. Key issues were:

    “1. Two strategic lines — the scientific concept of development and the goal of building a harmonious society — run through the whole draft outlines.
    2. The goals proposed cover not only economic areas but also those concerning people’s life, social development and environment. In particular, it is the first draft that classifies development indexes into prospective and restrictive.
    3. In terms of strategic tasks, one whole chapter is specially devoted to discussing building a new socialist countryside, leading all the other tasks.
    4. On the industrial sector, the draft plan makes clear that the five-year main task is not expansion in scale, but structural upgrading to turn China’s big industry into a powerhouse.
    5. As for the relations of the three industries, the draft outlines for the first time gives a highlighted chapter solely to the services sector.
    6. On regional development strategy, it further makes clear the description and policy inclination for four types of function zones, namely, optimized, prioritized, limited development and banned exploitation.
    7. The draft plan includes into it the two basic state policies of saving resources and protecting the environment, setting forth the strategic tasks of building a resources-saving, environment-friendly society as well as concrete measures to be taken.
    8. The draft puts forward a few tasks of great significance and policy measures such as building an innovation-oriented country and implementing the strategy of developing the country with talents.
    9. Contents on reform are seen throughout the draft.
    10. Political civilization, cultural development and social construction are discussed in exclusive chapters. It puts special stress on putting people first and solving the significant problems that concern people’s vital interests.”

It was also noted that that China’s per capita GDP would pass US$2,400 in 2010; average urban per capita disposable income would increase from 2005’s RMB10,493 (US$1,295) to RMB13,390 (US$1,653); and rural per capita net income would rise from RMB3,255 (US$402) to RMB4,110 (US$507).

The plan aims to create 45 million urban jobs, and the same number of farmers being trained up to do industrial work. There is also a hope that the quality of people’s lives will improve, and that the rural-urban wealth gap will be narrowed. Measure will include improvement to the healthcare system 9to cover 80 percent of the rural population), education, transportation and public services, as well as the environment.

While many are focused on these new targets, those nice people at Access Asia have turned their research skills to the misses of the last plan…

    “As China moves from the Tenth Five Year Plan to the Eleventh (through to 2010), a lot has been made in the local press of new targets set and old ones met. Yet it is also useful to look at the less highly publicised misses during the last five years. So here they are:

    • According to the last Plan, the total amount of cultivated land should have been no less than 128 million hectares by the end of 2005 – it was 122.44 million hectares;
    • Spending on R&D should account for over 1.5% of GDP – it was 1.3%;
    • There should have been a 10% decrease in the total volume of major pollutant discharges over 2000 – it was only a few percent decrease;
    • National energy consumption for every RMB10,000 (US$1,250) of output value was equal to 1.55 tons of coal at the end of 2005 – 27% higher than the Plan’s target;
    • The high school enrolment rate should have been 60% by 2005 – it was 52%;
    • Spending on education as a proportion of GDP remained under the plan target of 4%.
    Now we’re into National Economic Plan 11, so all the targets have been reset, and we’ve all got four or five years to hit them. On your marks, set, go!!!”

See sources:

    Ten features in China’s 11th five-year plan
    People’s Daily Online – Beijing,China
    Minister Ma Kai and vice minister Zhu Zhixin of China’s National Development and Reform Commission (NDRC) answered reporters’ questions at a press conference …
    http://english.people.com.cn/200603/08/eng20060308_248947.html
    Nobel Prize laureate on China’s 11th five-year plan
    Xinhua – China
    BEIJING, March 19 (Xinhuanet)– China’s 11th five-year plan is another major step in China’s transition to a market economy, Joseph E. Stiglitz, a Nobel Prize …
    See all stories on this topic

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