China's economic and social development face a host of good
opportunities and favorable conditions in the 11th Five-Year
Guidelines period (2006-2010), an official said Thursday.
Xu Lin, deputy director of the Development Plan Bureau under the
State Development and Reform Commission (SDRC), made the remark at
the sixth donation coordination meeting on development
cooperation.
In the next five years, the advantage of sufficient labor supply
and a high saving rate can still be maintained in China, and the
upgrading and diversification of domestic consumption will create a
huge domestic demand, Xu acknowledged.
The accelerated urbanization process will further stimulate
economic growth, and the enhanced industrial technology progress
will improve the competitiveness of the whole economy, he said.
Moreover, he added, the integration of the domestic and global
economy will expand the frontier of resource allocation and create
still greater space for China's economic growth.
The enhanced institutional reform will go on liberalizing the
market entities, make the market more transparent and foreseeable,
which will further improve the efficiency of the resource
allocation, he said.
Nevertheless, he listed some unfavorable factors, such as the
emerging bottleneck of the main natural resource supply,
environmental pollution, increased social conflicts, the shortage
of skilled labor force and an aging population structure.
The main tasks for the new 11th Five-Year?Guidelines
include maintaining relatively high economic growth, speeding up
rural development, narrowing the rural-urban gap, adjusting the
industrial structure, enhancing the service sectors, coordinating
regional development, building a resource-conservation and
environment-friendly society, improving capacity of innovation and
deepening institutional reform, Xu said.
(Xinhua News Agency January 12, 2006)