The plenum held that the 12th Five-Year Plan period is a crucial stage for building a moderately prosperous society in an all-round way and a time of difficult issues for deepening the reform and opening-up process while accelerating the transformation of the nation's economic development pattern. Properly setting the 12th Five-Year Plan on the basis of an in-depth and accurate grasp of the changes and characteristics of domestic and international situations is of great significance to further seizing and effectively utilizing our country's important period of strategic opportunities, promoting steady and relatively rapid long-term economic development, winning new victories in building a moderately prosperous society and pushing forward the great cause of building socialism with Chinese characteristics.

The plenum spoke highly of our country's great achievements in economic and social development during the 11th Five-Year Plan period, holding that the CPC had unified and led the Chinese people of all ethnic groups, firmly focused on development, the top priority of the Party in governing and rejuvenating the country, carried out the Party's theories and guidelines, principles and policies, implemented proper and forceful macroeconomic regulation, given full play to the political advantages of China's socialist system, brought into full play the fundamental role of market in allocating resources, thus bringing fresh and historic changes to the nation.

After striving for five years, our country has achieved fast development of social productivity, drastic enhancement of overall national strength, remarkable improvement of living standards, and a marked rise in international status and influence, and also made major progress in the socialist economic, political, cultural, social and conservation culture development, as well as Party building, thus having composed a new epic recounting the cause of socialism with Chinese characteristics. The achievements of the five years are hard won, the experience accumulated is precious and the spiritual fortune created will last long.

The plenum made an in-depth analysis of the domestic and international environment for China's economic and social development during the coming period, and put stress on the fact resulting from a comprehensive assessment of international and domestic situations that China is still in an important period of strategic opportunities during which there is a great deal China can achieve, and it is faced with both precious historic opportunities and plenty of foreseeable and unforeseeable risks and challenges. We should strengthen the awareness of opportunities and potential risks, properly master the law of development, actively adjust to the changes of environment, effectively solve various problems, and strive to push forward our country's reform and opening-up process and socialist modernization drive.

The plenum pointed out that the formulating of the 12th Five-Year Plan must hold high the great banner of socialism with Chinese characteristics, follow the guidance of Deng Xiaoping Theory and the important thought of Three Represents, thoroughly apply the Scientific Outlook on Development, adjust to the new changes of domestic and international situations, comply with the people's new expectations of living better lives, take scientific development as the theme, employ the expedited transformation of the economic development pattern as the main line, deepen the reform and the opening-up process, safeguard and improve the people's livelihoods, consolidate and expand the fruits reaped from coping with the international financial crisis, and promote steady and relatively fast long-term economic development and social harmony and stability, so as to lay a decisive foundation for building a moderately prosperous society.