On March 16, 2011, New China News Agency, a national communication unit of China, published the formal version of “The 12th Five-Year Plan Guidelines for PROC National Economic and Social Development” (briefed as the “12th Five-Year Plan”), which was initially drafted by State Council of China and has been reviewed and approved by the 4th Meeting of the 11th Term National People’s Representative Assembly on March 14, 2011. Under the said plan, the “12th Five-Year Plan” will no longer pursue the GDP growth; instead, it puts the focus on....
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