A New Growth Stage of Development—Analysis and Forecast of China’s Social Development in 2009–2010

Abstract

In 2009, China took great efforts to overcome the influences of the international financial crisis. They took progressive steps to restore the economy and enter a new growth stage of economic and social development, and during the later stage of the crisis achieved new development opportunities and power. In 2009, China released a series of important measures to guarantee growth, livelihood of the people, and stability, which effectively resisted the impact of international financial crisis. A new growth stage, on the one hand, means that China's economic growth speed will increase by 8%. On the other hand, this means that the driving force will be obviously different than the past, and will rely more on upgrading the industrial structure, the transformation of economic and social structures and domestic consumption growth. In 2010, the Chinese economy and society will continue in the direction of economic and social coordinated development. Keywords:China; economic growth; growth stage; international financial crisis; social development