ABSTRACT
In 2010, the starting point of the Twelfth Five-Year Plan period, economic growth was at a high rate of 10.3 percent with no further space for a large and accelerating rise over the five-year period. During the 27 months from March 2009 to May 2011, the purchasing managers' index was continuously in an expansion range above the critical point, although there were several small fluctuations within the range of 51–56 percent. In coping with the impact of the international financial crisis, China promptly adopted a proactive fiscal policy and a moderately easy monetary policy and implemented a package plan. The same-month year-on-year rate of increase in residents' consumption prices was 4.9 percent in January, 4.9 percent in February, 5.4 percent in March, 5.3 percent in April and 5.5 percent in May of 2011. Regarding the promotion of urbanization, the urbanization rate in China was 10.6 percent in 1949 and increased to 17.9 percent in 1978.
