The plenum pointed out that the formulating of the 12th Five-Year Plan must hold high the great banner of socialism with Chinese characteristics, follow the guidance of Deng Xiaoping Theory and the important thought of Three Represents, thoroughly apply the Scientific Outlook on Development, adjust to the new changes of domestic and international situations, comply with the people's new expectations of living better lives, take scientific development as the theme, employ the expedited transformation of the economic development pattern as the main line, deepen the reform and the opening-up process, safeguard and improve the people's livelihoods, consolidate and expand the fruits reaped from coping with the international financial crisis, and promote steady and relatively fast long-term economic development and social harmony and stability, so as to lay a decisive foundation for building a moderately prosperous society.
The plenum stressed that in contemporary China, the adherence to development as a task of overriding importance means sticking to scientific development, laying more stress on the "people first" principle, paying more attention to comprehensive, sustainable development and overall planning and coordination, and putting more emphasis on securing and improving people's livelihood to promote social equality and justice. Acceleration of the transformation of the economic development pattern marks a profound reform in both economic and social sectors and must proceed throughout every realm and all the course of economic and social development. Economic strategic restructuring should be a major task of the transformation of economic development mode. The promotion of scientific and technological progress and innovation should be taken as an important support to the transformation, while ensuring and improving people's livelihood should be the very aim and fundamental end of the move. The building of a resource-saving and environment-friendly society should be a focal point in the transformation of the economic development mode. It is imperative to take reform and opening-up as a powerful driving force for speeding up the transformation, and score more comprehensive, coordinated and sustainable growth to seek sound and fast economic and social development.
After comprehensive considerations of future development trends and conditions, the plenum proposed the following as the major targets for economic and social development in the next five years: to maintain stable and relatively fast economic growth; to achieve major development in economic restructuring; to universally raise people's incomes at a relatively fast pace; to remarkably enhance social construction; to continuously deepen reform and opening-up; to achieve substantial progress in transforming the economic development pattern; to remarkably strengthen the country's comprehensive national power, international competitiveness and capability in shielding against risks; to make notable progress in meeting people's living and cultural demands; and to further consolidate the foundation for the making of a better-off society in an all-round way.