11th Five-Year Plan

The Fourth Session of the 10th National People's Congress adopted the 11th Five-Year Plan for National Economic and Social Development (2006-10), submitted by the State Council, in March 2006. The plan contains two major goals for the country's development in the next five years: GDP up 7.5 percent annually on average and energy consumption per unit of GDP down 20 percent.

Development goals in other areas are: share of R&D spending out of total GDP up from 1.3 percent in 2005 to 2 percent in 2010, rate of comprehensive use of solid industrial waste up from 55.8 percent in 2005 to 60 percent in 2010, total acreage of cultivated land down from 122 million hectares in 2005 to 120 million in 2010, total discharge of major pollutants down 10 percent in five years, forest coverage up from 18.2 percent in 2005 to 20 percent in 2010, coverage of urban basic old-age pension up 5.1 percent on average from 174 million people in 2005 to 223 million people in 2010, coverage of the new rural cooperative medical care system up from 23.5 percent in 2005 to over 80 percent in 2010, new jobs created for urban residents reaching 45 million in five years, number of rural laborers transferred to non-agriculture sectors reaching 45 million in five years, and Urban registered unemployment rate up from 4.2 percent in 2005 to 5 percent in 2010.