国内英语新闻:China in past five years

The central government introduced flexible, timely and forceful measures, based upon the changing domestic and international economic environment in the past five years.

The focus of economic control was shifted from preventing economic overheating and inflation to ensuring economic growth, people's livelihoods and stability.

Fiscal policy was changed from "neutral" to "proactive", while monetary policy went from "prudent," "tight," "moderately loose" and then back to "prudent."

The government's flexible and effective response to the global financial crisis quickly reversed China' s economic growth slowdown, realizing a V-shaped rebound and prompting the country to take the lead in the worldwide economic recovery.

In the past five years, China's economy has maintained a stable and relatively fast expansion. Its GDP is expected to surpass 38 trillion yuan (5.74 trillion U.S. dollars) in 2010, more than double that in 2005.

The central and local governments took a series of measures in expanding demand, boosting consumption, promoting independent innovation, and developing emerging industries of strategic importance, in an effort to accelerate the transformation of its economic growth mode.

Efforts were made to better coordinate urban and rural development, deepen reforms in taxation and pricing mechanisms, and allow private capital to invest in more areas.

The government also enhanced policy support to promote the development of the culture industry, which accounted for 2.5 percent of the nation's GDP in 2009, up 0.4 percentage points from 2004.

Meanwhile, more efforts were made to encourage employment, perfect income distribution, improve social security, medical treatment and public health, to improve people's livelihoods.

Further, the government also intensified its efforts to promote low-carbon technologies and develop a recycling economy, to build a resource-saving and environmentally-friendly society.