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Key Targets of China's 12th Five-Year Plan

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China Expects 51.5% Urbanization Rate by 2015

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 &amp; 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 
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China Targets GDP Growth at About 8% This Year

key-targets-of-chinas-12th-five-year-plan

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