- CNTV English - CCTV News

Homepage > News > Biz >

China's top economic planner calls for accelerated economic growth mode shift

12-29-2011 08:58 BJT

BEIJING, Dec. 28 (Xinhua) -- China's top economic planner on Wednesday said the country will further accelerate the shift of the economic growth mode, as against inadequate consumption and high energy use.

Zhang Ping, head of the National Development and Reform Commission (NDRC), made the remarks when reporting to the Standing Committee of the National People Congress, the country's top legislature.

Zhang said the government will focus on raising people's incomes and improving their expectations in economic situations in a bid to expand domestic demands, especially household consumption.

Domestic consumption's contributions to economic growth is still limited. Although the China's retail sales jumped by 15.5 percent and 18.3 percent in 2009 and 2010, respectively, compared to the previous year, the final consumption expenditure as a percentage of GDP is in decline, according to Zhang.

China has achieved an economic take-off through extensive economic growth in the last three decades, however, it has cost a lot in environmental damage and resources. Shifting the growth mode can make the economy achieve sustainable development.

Industrial structure should be further optimized, and science and technology innovation should be accelerated, Zhang said in his report.

He has also called for enhanced environmental protection and further energy saving and emissions cuts, saying that the eco-system remains fragile and energy consumption high despite the positive achievements made in the 11th Five-Year Plan period from 2006 to 2010.

Editor:Zhang Hao |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program