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China's GDP to exceed 15 trillion yuan in 2005
(Xinhua)
Updated: 2005-10-19 20:42
China's Gross Domestic Product (GDP) is expected to exceed 15 trillion yuan
(1.85 trillion US dollars) this year, said Premier Wen Jiabao at the Fifth
Session of the 16th CPC (Communist Party of China) Central Committee.
Explaining the CPC Central Committee's Proposal on the Eleventh Five-year
Program on National Economy and Social Development, Wen cited a preliminary
estimation of the National Bureau of Statistics as saying that the average GDP
growth rate in the past five years would be 8.8 percent, and the total revenue
is to hit 3 trillion yuan in 2005, 1.3 times more than that in 2000.
Important progress has been made in strategic economic restructuring, with
turning points achieved in agriculture, especially grain production, and basic
industries including energy, transportation, raw materials, high-tech and
infrastructure construction, he said.
The previous five-year period was an extraordinary era in China's history
because the Chinese people successfully conquered the negative impact brought by
Asian financial crisis, multiple enormous natural disasters and the SARS
epidemic, he said.
China has enhanced and improved macro-control and effectively restrained
unstable and unhealthy factors in the economic situation, propagating China's
economic and social developmental momentum, he said.
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