Tuesday, November 3, 2015

Thirteen Five how to set the GDP growth the NDRC said speed is not the only

Photo: Oriental IC

On November 3, the CPC Central Committee for formulating national economic and social development of the 13th five-year plan recommends that the full text of the official announcement. Which refers to the expansion of two-way opening the financial industry, stock and bond trading system reforms, introduce progressive retirement age policy initiatives, but gave no economic growth for the next five years. People s daily overseas edition TPP not calm far

Director of the national development and Reform Commission, Mr Xu attended this afternoon preparation of the 45-year plan press conference, said that in the context of global economic downturn now, growth in China's economy to keep 6.9% in the third quarter, has been a reasonable interval, but long-term fundamentals have not changed for the better in China are indeed coming under downward pressure.

During the meeting, Xu shaoshi under review "Twelve-Five" situation, he said, in "Twelve-Five" for the first four years, China's economic and social development on a larger level, China's average annual economic growth 8%, GDP had reached 63.6 trillion Yuan last year, broke through the US $ 10 trillion for the first time. Meanwhile, China is also the world's second-largest economy. The first three quarters of this year, in the context of global economic downturn, the Chinese economy still maintained a growth 6.9%, contribution to world economic growth rate was more than 30%.

"We have started to do a preliminary assessment, the" Twelve-Five "plan main development goals can be achieved, the" Twelve-Five "plan's main tasks can also be completed on this" Thirteen-Five "has laid a good foundation for economic and social development. "Mr Xu said.

China's economic growth not only of domestic concerns, global attention. In terms of total volume of GDP, China's economy accounted for 13% of the world, United States about 22%, add up to more than 30%. But seen from the annual economic increases, global economic increment of China 30%, United States is 22%.

For these data, the different views have, pessimism by forecasting the Chinese economy might be a "hard landing", a more optimistic view is that China's potential growth rate can reach 8%. But Mr Xu is considered, in the context of global economic downturn now, growth in China's economy to keep 6.9% in the third quarter, has been a reasonable interval. But long-term fundamentals have not changed for the better in China are indeed coming under downward pressure.

On November 3, Xinhua released XI on the CPC Central Committee for formulating national economic and social development of the 13th five-year plan for the drafting of relevant notes.

That, on maintaining rapid economic growth. Proposal put forward in the next 5 years to maintain economic growth goals. Main consideration was ensuring that, by 2020, gross domestic product and the goal of doubling the per capita incomes of urban and rural residents than in 2010, you must maintain the necessary growth. From the perspective of doubling gross domestic product between 2016 and 2020, annual economic growth is 6.5% more than the bottom line.

Also referred to above, from the perspective of doubling per capita income of urban and rural residents in 2010, urban residents ' per capita disposable income and per capita net income of rural residents 19109 and 5919 Yuan, respectively. To double by 2020, according to the growth in household income and the requirements of economic growth, the "Thirteen-Five" period average annual economic growth to at least 6.5%. Maintain rapid economic growth, to improving the people's livelihood, make people more effectively to complete the building of a well-off society.

Average annual growth rate of 6.5%, in today's press conference, a reporter asked Mr Xu's view. Xu shaoshi said, "so we decided on the ' Thirteen-Five ' to maintain high-speed growth during. Speed is not our only concern, of course, we are more concerned with employment, incomes, and prices these indicators. "

Mr Xu added that China "Thirteen-Five" is a condition of maintaining high-speed economic growth for the period. He said that from a global perspective, under the theme of peaceful development, China still can be achieved in the period of strategic opportunity; in addition, the next round of economic recovery and growth depends on technological innovation and the industrial revolution, this coincides with China's innovation drive intersection form, as long as this window of opportunity, China will have greater strategic space.