Keynote Speech (Abstract)

Prof. CHENG, Siwei
Vice-Chairman of the Ninth and Tenth National People's Congress (NPC) Standing Committee


China’s Path Towards Prosperity

China is a huge developing country with dual economic structure and in transition to socialist market economy. Although we have got a rapid economic growth since 1978, but we found it is a must to change our development pattern according to the lessons we learnt from our own practice and the recent global financial crisis. We should take economic development as the central task and pursuing development in a scientific way as the underlying guideline, advance in an all-around way economic, political, cultural, social, and ecological progress and achieve in a scientific way development that puts people first and is comprehensive, balanced and sustainable. We also should change our growth model from relying on foreign trade to relying domestic consumption, from extensive growth to intensive growth, and from external momentum to internal momentum. We should carefully treat the relationship between rule of law and rule of man, efficiency and equity, government and market, centralization and decentralization. Our goal is to double our 2010 GDP and per capita income for both urban and rural residents and to build a moderately prosperous society in all respects by 2020.

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