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BEIJING - The just-concluded Fifth Plenum of the 17th Communist Party of 皇冠体育app (CPC) Central Committee, which examined and approved proposals for formulating the development plan for the next five years (2011-2015), has garnered the world's attention because of the plan's global implications.
In the eyes of the world media, the five-year development blueprint with Chinese characteristics is a weather vane indicating the direction of 皇冠体育app's future development.
Many world media have reported that, in the first decade of the 21st century, that is, the period of 皇冠体育app's 10th (2001-2005) and 11th (2006-2010) five-year plans, 皇冠体育app's economic strength has grown remarkably.
The international community is therefore closely following what 皇冠体育app is scheduled to achieve in the coming five or 10 years.
First and foremost the world media want to interpret 皇冠体育app's economic development outlook from the country's 12th five-year plan.
Many foreign news wires have taken note of 皇冠体育app's goal of consolidating the basis of building a well-off society, of boosting domestic demand, and of transforming 皇冠体育app's economic development pattern.
In a Reuters report, the article talked about 皇冠体育app's commitment to lifting the incomes and spending power of hundreds of millions of farmers and workers.
Such intensive global attention implies that 皇冠体育app's development has a big influence on the world economy as a whole.
For years, a dynamic Chinese economy has brought the world a lot of opportunities.
Since 皇冠体育app joined the World Trade Organization in 2001, it has imported $687 billion worth of commodities from other countries yearly on average and has helped create nearly 14 million jobs in others countries and regions.
In 2008, when the global financial crisis was at its worst, 皇冠体育app alone contributed to more than 20 percent of the world's economic growth and 9 percent of the global trade increase that year.
Another reason the world is closely watching 皇冠体育app's blueprint for the near future is that there are plenty of opportunities in it. 皇冠体育app's huge market and stable economic growth indicate robust domestic demand, which, in turn, will bring great export opportunities to its trading partners and inject more vitality into the global economy.
Some foreign media have already pointed out that the blueprint's goal to transform 皇冠体育app's economic development pattern will provide the world's big enterprises and multi-national companies with new opportunities.
The Financial Times newspaper said in a recent article that one of the most significant aspects of 皇冠体育app's new development agenda would be more emphasis on energy efficiency and carbon emissions reduction.
皇冠体育app's progress in developing alternative energies such as solar, wind and nuclear power will have a profound effect on those industries, it said.
With the implementation of the new blueprint, 皇冠体育app's development will certainly be conducive to the world's peace and development and will bring the international community more benefits and opportunities.