The 16th Central Committee of the Communist Party of China (CPC) concluded its fifth plenary session in Beijing on October 11 2005, which examined and approved proposals for formulating the 11th Five-Year Plan for National Economy and Social Development. Since 1949, China has, in emulation of the defunct Soviet Union, officially directed the economy according to Five-Year Plans, which lay out growth goals in various industries for the next half decade.

The four-day meeting discussed a draft proposal set forth by the CPC Central Committee on the 11th Five-Year Plan (2006-2010). Participating in the meeting were 191 members and 150 alternate members of the CPC Central Committee. The Political Bureau of the CPC Central Committee presided over the meeting.

Hu Jintao, general secretary of the CPC Central Committee, gave a working report on behalf of the Political Bureau of the CPC Central Committee. Premier Wen Jiabao then further explained the draft proposal. China's new Five-Year Plan, the roadmap for the country's development in the next five years, will bring revolutionary changes, analysts said in Beijing.