The Chinese Academy of Social Science recently released its blue paper, the analysis and forecast of social development in 2005. The report indicates that China's GDP grows by 9.4 percent in 2004; the price index and resident consumption index rise by 4 percent; the registered unemployment rate is controlled under 5 percent. Peasants have seen big income rise that hasn't been seen for many years. The report reckons that China's social and economic development has entered the best period in recent ten years.

The report predicts that the Chinese economy will maintain high-speed growth next year. The reform of monopoly industries will reach crucial point; urbanization will further accelerate; and the aging problem will eventually emerge.

By People's Daily Online