2016年CRI New Five-year Plan Draws Attention

 

Addressing the opening of the annual gathering¹ of the National People's Congress, Premier² Li Keqiang has set China's GDP growth target for this year at between 6.5 to 7 percent.

He has also unveiled the draft of the much-anticipated 13th Five Year Plan that outlines China's economic and social development over the coming five years.

While there is still concern around the world about a possible hard landing of the Chinese economy, Park Sung-joon with Incheon National University in South Korea says the target growth rate looks sound.

"China has projected its 2016 growth at between 6.5 percent and 7 percent. It will be and it is a rare growth rate worldwide nowadays. If China aspires³ to build into a moderately prosperous state, it needs at least a 6-percent growth. So the projection⁴ is reasonably achievable."

The draft Five-Year Plan also anticipates average annual growth of above 6.5 percent from 2016 to 2020.

This would be the lowest in over 3-decades.

However, Kerry Brown, professor of Chinese Studies with King's College in the UK, says there is little need to be concerned, provided the changes to the economic growth patterns are managed properly.

"China's development has two quite special situations. One is the speed; the speed is much higher than other countries. The other is the scale; it is on a larger scale. Anything else is same as other countries, but speed and scale are the most important factors. The quicker the speed, the opportunity and ability to control development will become weaker. So, this is a problem: how to control the change. However, at the same time, it needs to change faster."

The new Five-Year plan also puts special emphasis on innovation.

Stephen Perry, chair of a UK business organization – 48 Group Club - says the concept of innovation fits with the current economic growth strategy.

"Innovation suggests transformation⁵ and change, and always moving forward. And if leaders can accept that things will always be changing, that there would be no plateaus, no stabilities, things will always be moving into more and more stages of development."

Stephen Roach, with Yale University's Jackson Institute for Global Affairs, says the global economy will stand to benefit from the changes in the Chinese growth model.

"If China is successful in creating a new middle class, a new consumer-led growth dynamic, that's an enormous new source of global aggregate⁶ demand for the world and Asia to benefit from."

The 13th Five-Year plan is being reviewed by lawmakers, and is to be adopted before the annual NPC session wraps up.

For CRI, this is Li Jianhua.

1 gathering   

n.集会，聚会，聚集

参考例句：

• He called on Mr. White to speak at the gathering.他请怀特先生在集会上讲话。
• He is on the wing gathering material for his novels.他正忙于为他的小说收集资料。

2 premier   

adj.首要的；n.总理，首相

参考例句：

• The Irish Premier is paying an official visit to Britain.爱尔兰总理正在对英国进行正式访问。
• He requested that the premier grant him an internview.他要求那位总理接见他一次。

3 aspires   

v.渴望，追求( aspire的第三人称单数 )

参考例句：

• The fame to which he aspires was beyond his reach. 他追求的名誉乃是他所不能及的。 来自《简明英汉词典》
• An old steed in the stable still aspires to gallop a thousand li. 老骥伏枥，志在千里。 来自《简明英汉词典》

4 projection   

n.发射，计划，突出部分

参考例句：

• Projection takes place with a minimum of awareness or conscious control.投射在最少的知觉或意识控制下发生。
• The projection of increases in number of house-holds is correct.对户数增加的推算是正确的。

5 transformation   

n.变化；改造；转变

参考例句：

• Going to college brought about a dramatic transformation in her outlook.上大学使她的观念发生了巨大的变化。
• He was struggling to make the transformation from single man to responsible husband.他正在努力使自己由单身汉变为可靠的丈夫。

6 aggregate   

adj.总计的，集合的；n.总数；v.合计；集合

参考例句：

• The football team had a low goal aggregate last season.这支足球队上个赛季的进球总数很少。
• The money collected will aggregate a thousand dollars.进帐总额将达一千美元。