The Fifth Plenary Session of the 14th CPC Central Committee adopted the Proposal on the Ninth Five-Year Plan on National Economy and Social Development and Long-Range Objectives to the Year 2010 on September 28, 1995. It was the first medium-length plan made under a socialist market economy, and a cross-century development strategy.

The basic tasks stipulated in the Plan were: to complete the second phase in the modernization drive; to cap population growth at 300 million by 2000; to quadruple per capita GNP as compared to 1980; to eliminate poverty; and to speed up the establishment of a modern enterprise system.

Long-range objectives to the year 2010 were: to double 2000¡¯s GNP; and to continue to build the socialist market economic system.   
 

(For more biz stories, please visit Industry Updates)