Government and Policy

China targets major breakthrough in restructuring economy

(Xinhua)
Updated: 2010-10-18 20:05
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BEIJING - China aims to achieve major breakthroughs in economic restructuring and maintain stable and relatively fast economic growth, which is a key target for the next five years, the central committee of the ruling Communist Party of China (CPC) said Monday.

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"China will further boost people's incomes, enhance social construction and deepen reform and opening-up," said a communique issued at the close of the Fifth Plenary Session of the 17th CPC Central Committee.

That would facilitate "substantial progress in transforming the economic development pattern, and markedly promote China's comprehensive national strength, international competitiveness and better shield against risks," said the communique released after the four-day plenum which examined and approved China's 12th five-year program (2011-2015) on national economic and social development.

It would also help improve people's lives and consolidate the basis of a well-off society, it said.