China's top political advisor, Jia Qinglin, says the 12th Five-Year Plan period, from 2011 through 2015, will be a crucial stage in the nation's drive to build an all-around moderately prosperous society.

The proposals for formulating China's 12th Five-Year Plan have been well-received by scholars and the international media. They describe the current period of time as "bittersweet" for the country.

On one hand, China has recorded remarkable achievements over the course of the current Five-Year Plan. On the other hand, the nation still faces a bumper crop of risks and challenges. Nonetheless, many people have expressed understanding and appreciation that the country is highlighting the importance of "transforming its economic development model" while formulating the plan.