ABSTRACT
The last economic cycle in China, namely the tenth cycle since the founding of new China, was from 2000 to 2009 and followed a good trajectory with a rising stage of eight years and a falling stage of two years; it lasted altogether for ten years. From the second quarter of 2009, the gross domestic product growth rate crossed the trough, drew out a typical V-shaped recovery and took the global lead in realizing an overall economic turnaround. In the package plan of investment implemented to cope with the impact of the international financial crisis, the total growth rate of the fixed-assets investment in urban areas nationwide was above 30 percent during the period from January‒April to January‒December 2009. Twelfth Five-Year Plan to accelerates the transformation of the economic development pattern and enable it to run throughout the whole process and all areas of the economic and social development in China.
