The rapid economic development since reform and opening-up has greatly raised the living standards of the urban and rural residents.
Globalization is a most attractive phenomenon at the turn of the century. However, it is still an open concept without a clear definition up to now.
During the 9th Five-Year Plan period, an overall balance was achieved between the supply and demand of major agricultural products, with the former outgrowing the latter in years of bumper harvests.
The emergence of numerous new features in China’s rural economy at the turn of the century indicates that the economy has entered into a new stage of development.
The grain production has maintained a fast growth since 1995.
The basic approach of the government in economic restructuring should shift from the traditional one of “state-driven development” to “market buildup”.
In the first half of the year, economic growth accelerated, economic efficiency improved, and the economic performance developed with an obvious upward trend.
In the first half of the year, China’s GDP grew by 8.2 per cent, the total volume of retail sales in social consumption goods rose by 10.1 per cent, fixed asset investment in the society as a whole swelled by 11 per cent, export increased by 38.3 per cent, and the consumption price index went up by 0.1 per cent.