Home / Metal News / Copper / Key Targets of China's 12th Five-Year Plan
Key Targets of China's 12th Five-Year Plan
Mar 7,2011 10:03CST
data analysis
Source:SMM

BEIJING, Mar. 7 -- The draft of China's 12th Five-Year Plan (2011-2015) was submitted Saturday to the National People's Congress (NPC), the top legislature for reviewing.

Following are key targets of the draft:

Economic targets

-- GDP to grow by 7 percent annually on average;

-- More than 45 million jobs to be created in urban areas;

-- Urban registered unemployment to be kept no higher than 5 percent;

-- Prices to be kept generally stable.

Economic restructuring

-- Rise in domestic consumption;

-- Breakthrough in emerging strategic industries;

-- Service sector value-added output to account for 47 percent of GDP, up 4 percentage points;

-- Urbanization rate to reach 51.5 percent, up 4 percentage points.

Innovation

-- Expenditure on research and development to account for 2.2 percent GDP;

-- Every 10,000 people to have 3.3 patents.

Environment & clean energy

-- Non-fossil fuel to account for 11.4 percent of primary energy consumption;

-- Water consumption per unit of value-added industrial output to be cut by 30 percent;

-- Energy consumption per unit of GDP to be cut by 16 percent;

-- Carbon dioxide emission per unit of GDP to be cut by 17 percent;

-- Forest coverage rate to rise to 21.66 percent and forest stock to increase by 600 million cubic meters;

Agriculture

-- Annual grain production capacity to be no less than 540 million tons;

-- Farmland reserves to be no less than 1.818 billion mu.

Livelihood

-- Population to be no larger than 1.39 billion;

-- Life span per person to increase by one year;

-- Pension schemes to cover all rural residents and 357 million urban residents;

-- Construction and renovation of 36 million apartments for low-income families;

-- Minimum wage standard to increase by no less than 13 percent on average each year;

Social management

-- Improved public service for both urban and rural residents;

-- Improved democracy and legal system;

-- Better social management system for greater social harmony;

-- More than 10 percent of all residents will be registered as community volunteers.

Reform

-- Encourage qualified enterprises to get listed in stock markets;

-- In-depth reform in monopoly industries for easier market entry and more competition;

-- Improved government efficiency and credibility
 

12th Five-Year Plan
China macro economy
Macro control policy

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn