In 2005, China continued to strengthen and improve macro-control, with the national economy and social development acquiring a marked effect.
While China has many favorable conditions for sustained rapid economic growth, it also has many contradictions and difficulties in this respect.
After a period of accelerated growth from 2002 to 2004, the Chinese economy entered a period of stable growth in 2005.
The planned mode of economic growth lasted roughly from 1952 to 1978. In terms of the economic system, the basic feature of this mode was that it was associated with a highly centralized planned economy.
Since reform and opening-up, China has achieved an average annual economic growth of 9.4%. It is close to that of Japan and the “four little tigers” in Asia during the periods of their economic taking off.
At present, serious capital scarcity is threatening the sustainable development of the Chinese agricultural economy.
There has been much discussion about the goals of the reform of the Agricultural Development Bank of China (ADBC).
The government’s public service function must be strengthened if China is to implement the scientific concept of development, achieve a coordinated economic and social development and build a harmonious society.