A series of Economic Development of China for 2006-2010
3 min readChina to Raise Trade Volume in Goods to US $2.3 Trillion by 2010
China will increase its total volume of trade in goods and services to US $2.3 trillion and US $400 billion respectively by the year 2010，according to an official document.
Efforts must be made to enable China“participate in international economic and technological cooperation and competition in a larger and more profound way，”read the for the 1lth Five-Year Guidelines for National Economic and Social Development（2006-2010），which are being discussed at the Fourth Session of the 10th National People’s Congress（NPC）.
China’s import and export volume totaled US $1.42 trillion in 2005，registering a 23.2 percent year-on-year increase.Total foreign direct investment actually used reached US $60.3 billion，and the country’s foreign exchange reserves totaled US $818.9 billion at the end of 2005，Premier Wen Jiabao said when delivering a report on the government work at the opening of the annual session of the NPC on Sunday.
The total import and export volume tripled over the past five years，and the amount of foreign direct investment actually used came to US $274.08 billion，Wen said.
“We must lay stress on the quality of foreign investment utilization，and give priority to introducing advanced technologies and managerial expertise and special talented people by way of using foreign investment，”says the document.
China’s Key Transport Infrastructure Projects for 2006-2010
The following are the key transport infrastructure projects China is set to build during the 2006-2010 period，listed in the draft guidelines of the five-year development blueprint being deliberated by Chinese lawmakers at their ongoing annual session：Railway:six railways for passenger transportation，including one between Beijing and Shanghai；five inter-city railways，including one between Beijing and Tianjin；and the upgrading of five existing railways including one between Datong and Qinhuangdao.
Highway：14 expressways including one from Beijing to Hong Kong and Macao.
Port ： transit systems for the transportation of coal and imported oil，gas and iron ore，and containers transport systems at 12 seaports including those in Dalian.Tianjin and Shanghai；coal transit and storage bases in eastern and southern China.
Shipping ： the third-phase project for dredging the deepwater channel at the mouth of the Yangtze River，the course at the mouth of the Pearl River to the sea，channel dredging in the Yangtze and Pearl River valleys and the Beijing-Hangzhou Canal；and acceleration of port construction along inland rivers.
Airport ： expansion of ten airports including those in Beijing，Shanghai and Guangzhou；relocation of the two airports in Kunming and Hefei；and airports in central，western and northeastern China to accommodate flights on feeder lines.
Major High-tech Projects Planned for 2006-2010
The following are the major high-tech projects China is set to undertake during the 2006-2010 period，listed in the draft guidelines of the five-year development guidelines being deliberated by Chinese lawmakers at their ongoing annual session：Integrated circuits and software:establishing integrated circuit research and development centers，industrializing the technology for 90-nanometer and smaller integrated circuits，and developing basic software，middleware，large key applied software and integrated systems.
New-generation network:building next-general Internet demonstration projects，a nationwide digital TV network and mobile communication demonstration networks with independent property rights.
Advanced computing:making breakthrough in technology for computer systems，building grid-based advanced computing platforms，and commercializing the production of teraflop computers.
Biomedicine:Building a number of demonstration projects for commercial production of vaccines for major diseases and gene-modified medicines，improving the modern traditional Chinese medicine system，and enhancing the capability for new medicine invention and production.
Civil airplane:developing planes for trunk and feeder lines，general-purpose planes and helicopters，as well as advanced engines.
Satellite application:developing new meteorological，oceanographic，resource and telecommunication satellites，and poison-and pollution-free thrust augmentedcarrier rockets；building earth observation and navigation positioning satellite
systems and facilities and application demonstration projects for civil satellite ground systems.
New materials:building demonstration projects for commercial production of high-performance new materials badly needed in information，biological and aerospace industries.
