Through 2006, the Chinese economy has grown quickly and climbed to 20 trillion. The driving force of the tremendous achievements is not only “fast”, but also "stability".

 
Economic train continued to accelerate

2006 is the first year of "11th Five-Year Plan", as people might have expected, the national economic train which carrying the hopes of all people continued to accelerate, as the trend of the previous year. But at the same time, there are some signs of overheating, the most prominent represent is the “three excessive”: Excessive growth of investment, excessive credit and excessive international trade surplus. In the area of investment, the total fixed asset investment in first quarter increased 27.7%, it was higher than 22.8% of the same period of last year, and higher than 27% of year-round average growth rate of last year. First half of the year, the total fixed asset investment increased 29.8%, an increase of 4.4 percent over the same period last year and 2.1 percent over the first quarter. In credit, the loans of financial institutions in the first quarter is 1.26 trillion yuan, it reached 50% of the control target which the total loans is 2.5 trillion yuan in the central bank at 2006, much higher than historical levels; First half of the year, the total loans reached 2.18 trillion yuan, which equal to 1.5 times of the same period of last year, reached 87% of the annual target. In international trade, the surplus of import and export trade reached 61.4 billion U.S. dollars in the first half year, an increase of 21.8 billion U.S. dollars and 55% compare with the same period of last year.

 
The early results of macro-control present

Economic train continued to accelerate and the early results of macro-control present. Accord to the data released by the National Bureau of Statistics, although the fast growth in fixed assets investment in 2006, but the growth rate has come down. Total social investment in fixed assets last year grew by 24%, reduced two percentage points. Consumer demand grew fast, the annual growth of total retail sales of social consumer goods was 13.7%, 0.8 percentage points higher than that of last year. The growth of broad money M2 dropped from 18.4% in the end of June to 16.9% in the end of December, new loans slowed down markedly. Accord to the data published by the China Banking Regulatory Commission, the balance of loans of financial institutions was 23.9 trillion yuan, increased 14.7%, the growth rate of loan maintained at a reasonable range. The structure of import and export commodities further optimize, the exports of coal and unwrought aluminum products continued to be curtailed.

Looking back 2006, it was the CPC Central Committee and State Council in view of the new situations and new problems and outstanding contradictions in the economic operation, conscientiously implement the scientific development concept, and continue to strengthen and improve macro-control, and constantly push forward reform and opening up, thus enabled us to further improve the conditions for the development, further optimize the development environment, and the developing trend was getting better and better, showed a good situation with fast growth rate, better economic returns and low price level. Experience shows that achieve "Good and Quick" Development is the essential requirement of implementing the scientific development concept, macro-control is an indispensable component of the socialist market economic system, which will run through the whole process of the development of market economy.

We have seen a good beginning, but outstanding contradictions remain in the current economic operation: The base of agriculture is still fragile, and stable increase in grain production and steady increase in rural incomes are increasing difficult; The task of energy-saving and pollution abatement remains arduous. China's economic and social development goals is "good and quick", we should in accord with the requirements of the Central Economic Work Conference, continue to implement the scientific development concept, accelerate the construction of a harmonious socialist society, continue to strengthen and improve macro-control, focus on the adjustment of economic structure and change the mode of growth, strengthen resource conservation and environmental protection, accelerate reform and opening up and independent innovation, strive to promote social development and settle livelihood issues, promote the coordination between speed, quality and benefit, the coordination between consumption, investment and exports, the coordination between population, resources and environment, strive to achieve good and quick development of economic and social.

 
China's international trade has triumphantly

 

In 2006, China's international trade volume reached 1.76 trillion U.S. dollars, with an increase of 24%, the total import and export volume, import and export ranked third in the world.

Particularly pleasing is that this year China adhered to a mutually beneficial and win-win strategy of opening up, changing the mode of international trade growth, import and export is gradually to a balanced development, and the quality and efficiency constantly improving. The annual export growth was 27.2%, the growth rate reduced 1.2 percentage points than the same period last year; Imports increased 20%, it showed an increase of 2.4 percentage points than the same period last year. Meanwhile, the commodity structure of import and export has been further optimized.