New development model is based on consumption, a greener economy and a balanced national public service network

An essential requirement for the transformation of China's economic development mode lies in its adoption of policies and reforms that put top priority on increasing people's incomes instead of the State coffers.

The 12th Five-Year Plan period (2011-2015) will be a crucial period for the country to promote such a policy change and establish a new development model based on consumption, urbanization, a low-carbon economy and the development of a balanced public services network.