the greatest consumption story in modern history

1、<p>　　The Greatest Consumption Story in Modern History</p><p>　　STEPHEN S.Roach,chairmanof Morgan Stanley Asia,hasquipped that China's 12th Five-year Plan is likely to spark thegreatest consumption

2、story in modernhistory.He pointed out that the 12thFive-year Plan focuses on three majorpro-consumption initiatives,which willboost private consumption as a share ofChinese GDP from its current reading ofaround 36 percen

3、t to somewhere in the42 to 45 percent range by 2015.It wouldalso be a huge boost for China's majortrading partners-not just those in EastAsia,but </p><p>　　Other figures also show the robustrecovery of C

4、hina's economy: actual uti-lization of foreign investment increasedby 17.4 percent; the number of newlyapproved foreign-funded enterprises inChina totaled 27,406 in 2010,up by 16.9percent over the previous year."

5、;Privateinvestment is going up even faster thangovernment investment,which means anendogenous economic growth has beenformed thanks to the government stimu-lus policies," explained Zheng Xinli. </p><p>

6、　　Consumption,Export and Investment Model </p><p>　　China's vice premier Li Keqiangpointed out in an article written in 2010: "In the past the government investmentmainly focused on industrial deve

7、lop-ment and infrastructure construction,but now China's economy has entered a new phase; therefore more governmentinvestment should go to employment,social security,education,healthcare,science and technology resear

8、ch and in-frastructure building in rural areas."　 In fact,because of the financial crisis,China's economic growth pattern haschanged from o</p><p>　　New Opportunitiesfor the 2011-2015 Period 　　　 Th

9、e Chinese economy will sustain itsmomentum during the 12th Five-yearPlan period (2011-2015),largely by stim-ulating and satisfying domestic needs.　 From 2011 to 2015,investment andconstruction in the renewable energyand

10、environmental protection indus-tries will stay on track.China is goingto invest more than RMB 8oo billion inhydropower projects and around RMB1.058 trillion in subway constructionin urban areas.In the country's centr