By Wang Xu (China Daily)
Updated: 2008-01-25 07:45

"At the same time, domestic market-oriented sectors, especially those exposed to capture spending supported by the government, should do relatively well as the government raises its spending to shore up domestic demand, offsetting external demand," Huang said.

Rising consumer prices, however, will remain a big concern for the government because food and oil prices, the main drivers of inflation, are not expected to ease this year, analysts said.

Achievements of past five years

Stable and brisk growth. The annual GDP growth averaged 10.6 percent, with fluctuation of less than 1 percentage point.

Record number of jobs created. The country created 51 million employment opportunities.

Rising economic benefits. The country's fiscal revenue climbed to 5 trillion yuan ($691 billion) last year, compared with 1.89 trillion yuan ($261 billion) in 2002. Large-scale firms' accumulated total profit over the past five years rose to 7.86 trillion yuan ($1.09 trillion). Last year alone it was 2.2-trillion-yuan ($304 billion).

Rapid income growth of urban and rural residents. The disposable income of urban residents grew at an annual average of 9.8 percent to reach 13,786 yuan ($1,900) last year. Rural residents' net income rose, too, to 4,140 yuan ($572) in 2007, increasing 6.8 percent a year.

Notable progress in overall national strength. The total installed electricity generating capacity increased 350 million kW, and 28,000 km of highways were built.

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