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China to pursue new growth model (Xinhua) Updated: 2006-03-20 08:49
China will pursue a new model of economic growth in the coming years, as
defined by the country's 11th five-year plan, a senior government official said
on March 19.
Ma Kai, the minister in charge of the National Development
and Reform Commission told the China Development Forum that over the next five
years China must truly get on the road of scientific and harmonious
development.
 Ma Kai, director of
the National Development and Reform Commission, gives a talk at the
China Development Forum 2006, which kicked off on March 19, 2006.
[Xinhua] | To achieve this, he said China must
undertake six fundamental changes.
China must strive to stimulate its
domestic consumption instead of relying on investment and exports.
China
must seek a harmonious development among its primary, secondary and tertiary
industries and upgrade its economic structure, and not rely solely on the
expansion of manufacturing.
To make its development more sustainable it
must protect the environment and conserve nonrenewable resources by reducing its
dependence on nonrenewable resources and improving the efficiency of its
consumption of those resources, he said.
Instead of relying on the input
of capital and physical resources, China must seek development through
scientific and technological progress and the development of human resources.
This, he said, could only be achieved by putting the emphasis on
innovations.
Another important change, Ma said, is instead of relying on
government intervention, China must allow market forces to play a bigger role in
the allocation of resources.
Lastly, China must make the improvement of
people's living standards as its first and foremost goal. China must shift its
attention from the growth of physical wealth to the comprehensive development of
human beings and balancing social and economic development, Ma
said.
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