1995

September 28

The 5th Plenary Session of the 14th CPC Central Committee adopted the Proposal for Formulating the Ninth Five-Year Plan and the Long-Range Objectives through the Year 2010 for National Economic and Social Development. It proposed the implementation of two fundamental transformations of overall significance, namely, the transformation of the economic system from the old planned economy into the socialist market economy, and the transformation of the mode of economic growth from an extensive one to an intensive one. On the same day, Jiang Zemin addressed the Session and elaborated on 12 major relationships in socialist modernization, including the need to correctly balance reform, development and stability. On March 160 17, 1996, the 4th Session of the 8th NPC adopted The Ninth Five-Year Plan and the Long-Range Objectives through the Year 2010 for National Economic and Social Development of the People's Republic of China.