Domestic demand, balanced growth prioritized in China's next five-year plan

Source: People's Daily

Urbanization would be promoted in an active and stable way. More efforts would be made to develop the service sector and medium-sized and small enterprises and increase job opportunities.

The income distribution system would be improved, especially for residents with middle and relatively low salaries so as to expand their consumption capacity.

The ratio of government expenditure on living standards and social programs would be raised. Social security coverage would be extended and the public service system improved to build positive public expectations.

More efforts would be made to upgrade market operation system, develop emerging consumption modes, expand new service consumption, upgrade favorable policies for consumption, improve the consumption environment, protect consumers' rights and optimize consumption structure.

The government would guide consumer consumption in a reasonable way, develop environment-friendly consumption products and advocate "civilized, economical, green and low-carbon" consumption modes in tune with Chinese conditions.

Read more: http://english.people.com.cn/90001/90778/90862/7179695.html

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Intelligent planning is the right way to go, imho.

I can't wait for the first "you could be home now" signs along some chinese freeway.

just to blindly follow (although meanwhile learning much from) the American model.

http://news.xinhuanet.com/english2010/china/2010-10/28/c_13580549.htm

China will strive to narrow wealth gaps from 2011 to 2015 as its efforts to improve people's livelihoods gather pace, said Premier Wen Jiabao when explaining a proposal on formulating the country's development roadmap over the next five years.

Premier Wen compared China's wealth to a cake, "We should not only try to make a larger cake, but also work hard to divide it more evenly."

Wealth gaps are one of the Chinese people's greatest concerns. A reasonable income mechanism is key to social justice, Wen said.

Wen added that China would improve its social security system. Social security system is the "safety net" and "stabilizer" of China's economic and social development. It is established but remains incomplete with low standards and gaps between urban and rural areas, Wen said.
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China may or may not achieve the goal of improving income equality. Its inequality is about as bad as the US which has the worst income inequality in the developed world.

They have lifted 50 million people out of poverty in the last 20 years, that is NO small feat.