China approves new five-year economic plan
(Chinadaily.com.cn/AFP)
Updated: 2005-10-11 18:25

The 16th Central Committee of the Communist Party of China (CPC) ended its fifth plenary session in Beijing Tuesday by approving the proposals for formulating the 11th Five-Year Plan for National Economy and Social Development.

The five-year economic blueprint set to adjust the nation's development model and to better address a yawning wealth gap.

Xinhua news agency said the plan had been adopted but did not immediately reveal details surrounding its contents.

The 11th economic and social development plan is expected to enshrine President Hu Jintao's drive to build a "harmonious society" by narrowing the gap between rich and poor and curbing widespread environmental degradation.

Participants at the meeting comprises 191 members and 150 alternate members of CPC Central Committee. The Political Bureau of the CPC Central Committee presided over the meeting.

Hu Jintao, general secretary of the CPC Central Committee, gave a working report on behalf of the Political Bureau of the CPC Central Committee. Premier Wen Jiabao made an explanation on the draft proposal.