Nation aims to maintain strong growth rates in the next 5 years

China aims to maintain a mid to high-level economic growth rate in the next five years and significantly increase consumption's contribution to the economy, a communique from the Communist Party of China Central Committee said on Thursday, setting the tone for China's economic reforms to 2020.

The goals will be crucial to ensure the country fulfills its target of becoming a "well-off society", which refers to doubling the gross domestic product and per capita income of urban and rural residents by 2020, from the 2010 level.

In 2010, the per capita disposable income of urban residents was 19,109 yuan ($3,000) and that of rural residents was 5,919 yuan, according to the National Bureau of Statistics.