People's Daily: "11Th Five-Year" China's Economic Growth Is Ahead Of The World.

" The 11th Five-Year "It's China." Economics In the most unusual 5 years, under the circumstances of the international financial crisis, the Wenchuan earthquake and the natural disasters such as drought, floods, freezing rain and snow, we have gone through the ups and downs of the road, and have endured unprecedented challenges. In the past 5 years, China's economy has not only the ideal pattern of high growth and low inflation, but also the overheated situation of high growth and high prices. It has been tested by the rapid economic downturn, inflation and deflation as a result of the impact of the international financial crisis. Under the correct leadership of the Party Central Committee and the State Council, and with the concerted efforts of the whole nation, though the 2010 has not yet come to an end, China's economic "11th Five-Year" has achieved a basic conclusion. From 2006 to 2009, China's gross domestic product (GDP) averaged 4 years before 11th Five-Year. increase 11.4%, the average growth rate is 9.8% percentage points faster than the "fifteen" growth rate of 1.6 percentage points, 8.2 percentage points faster than the same period in the world. In the first half of 2010, China's GDP grew by 11.1%.

Over the past 5 years, China's economic position in the world economic structure has been further enhanced. China's GDP ranking in the world rose from fourth in 2005 to third in 2009, accounting for 8.5% of the world's total economic output, an increase of 3.6 percentage points over 2005. At the same time, in 2009, China's foreign exchange reserves and financial revenue reached 2 trillion and 400 billion dollars and 6 trillion and 900 billion yuan respectively, ranking the highest in the world. Output of major industrial products such as steel, coal and cement ranks first in the world. The weight of China's economy is increasing, and the role of China's economy has also undergone fundamental changes. In 2009, China's GDP growth reached 8.7% in the whole year, and the first overall recovery in the global response to the financial crisis has been achieved. China's power not only drives China's economy, but also delivers it to the world economy. The world economic report released by the United Nations in 2009 pointed out that if China can achieve economic growth of 8% in 2009, its contribution to world economic growth will reach an astonishing 50%. This means that China's economy is well deserved to become the strongest engine to drive the global economic recovery in 2009. In 2009, China's total foreign trade imports and exports totaled 2 trillion and 207 billion 270 million US dollars, 1.5 times that of 2005, and the world ranking rose from third to second in 2005, of which the export volume rose from third to No. 1.

Through the "11th Five-Year", under the guidance of Scientific Outlook on Development, China's economic restructuring has been deepened, moving forward on the road of sound and fast. Industrial restructuring has made positive progress. The first industry grew steadily, and the average growth rate in the first 4 years of 11th Five-Year was 4.6%, an increase of 0.7 percentage points over the growth rate of 3.9% during the "fifteen" period, and for the first time in more than 40 years, grain production increased for 6 consecutive years. The second industry reached an average annual growth rate of 12% from 2006 to 2009, an increase of 1.2 percentage points over that of the "fifteen" 10.8%. The average growth rate of the third industry in the first 4 years is 12.4%, which is 1.9 percentage points higher than that of "fifteen". In 2009, the third industry accounted for 43.4% of GDP, 2.9 percentage points higher than 2005, and 1.4 percentage points higher than the "fifteen" period. The development of the central and western regions accelerated. In 2009, the proportion of fixed assets investment in the central region accounted for 27.3%, 5.2 percentage points higher than that in 2005, and 22.1% in the western region, 2.2 percentage points higher than in 2005. Urban and rural co-ordination has taken a solid step. In 2009, the proportion of China's urban population in the total population was 46.6%, an increase of 3.6 percentage points over 2005 and an average annual increase of 0.9 percentage points.

In the 5 years of sustained and rapid growth of the national economy, people's lives have also been continuously improved. The scale of employment continued to grow, from 764 million in 2006 to 779 million 950 thousand in 2009. From 2006 to 2009, the per capita disposable income of urban residents increased from 11760 yuan to 17175 yuan, an average annual growth rate of 10.2%, an increase of 0.6 percentage points over the average growth rate of "fifteen". In the 2006 of 11th Five-Year, China abolished the agricultural tax and ended the history of agricultural tax payment in 2600. The move made a good start for Chinese farmers to reduce their burden and increase their income during the "11th Five-Year" period. In addition, in recent years, financial subsidies to farmers increased continuously, and the urban economy maintained the absorption of rural labor force, so that farmers' income increased rapidly. From 2006 to 2009, the per capita net income of rural residents increased from 3587 yuan to 5153 yuan, an average annual growth rate of 8.3%, an increase of 3 percentage points over the average growth rate of "fifteen". While the income of residents is increasing, the quality of life is also improving. The Engel coefficient of urban households decreased from 36.7% in 2005 to 36.5% in 2009, and the rural household decreased from 45.5% in 2005 to 41%. Private car ownership increased from 23 million 330 thousand in 2006 to 45 million 750 thousand in 2009. The number of mobile phone users increased from 461 million 60 thousand at the end of 2006 to 747 million 210 thousand at the end of 2009, which exceeded 800 million in the first half of this year.