Xi Jinping: The draft of the "Proposal" clarifies the main goals of economic and social development

On October 28th, Xinhua News Agency was authorized to publish a note by Xi Jinping on the "Proposal of the Central Committee of the Communist Party of China on Formulating the 15th Five-Year Plan for National Economic and Social Development". The draft of the "Proposal" puts forward some important points and major measures. Here, a brief explanation of several key issues is given. About the economic and social development goals during the "Tenth Five-Year Plan" period. Scientifically setting development goals is crucial to formulating and implementing the five-year plan. The draft of the "Proposal" grasps the basic positioning and phased requirements of the "Tenth Five-Year Plan" period, and clarifies the main goals of economic and social development. To basically achieve socialist modernization in 2035, an important landmark indicator is that the per capita GDP reaches the level of a moderately developed country, which requires that the economic and social development during the "Tenth Five-Year Plan" On the basis of in-depth research and scientific demonstration, the draft of the "Recommendations" proposes important goals such as maintaining economic growth within a reasonable range, steadily improving total factor productivity, fully releasing economic growth potential, synchronizing household income growth with economic growth, synchronizing labor compensation and labor productivity growth, and continuing to expand the middle-income group. At the same time, according to the outstanding problems such as increasing downward pressure on the domestic economy and insufficient effective demand at this stage, the draft of the "Recommendations" proposes goals such as a significant increase in the household consumption rate and a continuous increase in the main role of domestic demand in driving economic growth.