Improving Coordination of Economic Growth, Structural Adjustment and Commodity Prices

Abstract

The 12th Five-Year Plan period is crucial for building a moderately prosperous society in all respects, deepening reform and opening up, and speeding up the transformation of the economic development pattern. The year 2011 is the first year of the 12th Five-Year Plan period, so maintaining the momentum of development is critical for accomplishing the targets in the Plan. We need to correctly and clearly understand the economic problems emerging at present, keep macro-economic policies consistent and flexible, and make policies more targeted, flexible and effective. In particular, we need to strike a balance between ensuring steady and rapid economic development, making adjustments to the economic structure and maintaining the overall stability of commodity prices, so that we can make substantial progress in transforming China’s economic development model.

This article originally appeared in Qiushi, Chinese edition, no. 9. 2011.