In 2005, the state will continue to intensify and improve macro control, adopt a prudent financial policy and monetary policy and curb excessive growth of fixed asset investment.

The three noticeable changes occurred to the industrial structure in the 26 years after the reform and opening-up, but in recent years, the proportion of the tertiary industry has declined

Food demand will continue to grow. In the next decades, China’stotal grain demand will go up annually due to population growth, higher living standard and progress in urbanization.

The main features of the rural economy in 2004 are characterized by strong policy measures, favorable market environment, visibly higher peasant income and a major turn for better for grain production.

After two decades or so of rapid economic development since the beginning of reform and opening up, the Chinese economy has entered a new and dynamic period of development.

In a strictly narrow sense, China’s inter-governmental financial transfer payment system was established in 1994 when the tax-sharing system was introduced.

Through more than 20 years of development, China’s insurance industry has made remarkable progress and so far has become the country’s fastest growing industry seeing the longest period of rapid growth.

It has always been a strategic task which catches the high attention of the government to enhance the competitiveness of the domestic enterprises.