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After the foundation of the PRC, use large-scale economic construction in a planned manner, China has become one of the large economic countries which have the most development potential; on the whole, the people have reached a well-off standard of living. From 1953 to 2005, China had completed 10 "five-year plan" and made remarkable achievements, which lay a solid foundation for the development of the national economy.
The socialist market economic system has been initially established, and the basic role of the market in allocating resources has significantly strengthened, and the system of macro-control increasingly perfect. The situation which with public ownership economy as the mainstay, individual and private and other non-public economic common development has taken shape, the economic growth mode from extensive to intensive gradually changing. According to the plan, by 2010, China will set up a relatively complete socialist market economic system; by 2020, China will establish a more mature socialist market economy system. |
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