ABSTRACT
The year 2009 was the year in which China’s economic development met the greatest difficulties since the beginning of the twenty-first century and China took the global lead in achieving an overall economic turnaround while effectively coping with the severe impact of the international financial crisis. The following year, 2010, is a key year in which China will continuously deal with the international financial crisis, maintain steady and rapid economic growth and accelerate the transformation of the economic growth pattern. It is an important year in which China will achieve the target of the Eleventh Five-Year Plan entirely and lay a good foundation for the development of the Twelfth Five-Year Plan. In terms of the fluctuating trajectory of macroeconomic operation, the economic growth in China crossed the trough by countering the severe impact of the international financial crisis in 2009, terminated the descending stage of the tenth economic cycle since the founding of new China and will hopefully enter the rising stage of a new cycle, that is, the eleventh economic cycle in 2010. This article will stress the analysis of three issues: the transitional course from the tenth economic cycle to a new economic cycle, namely the commencement of a new economic cycle; the features of the tenth economic cycle that just reached an end in 2009 and constituted a starting point for a new cycle; and the continuous efforts to extend the rising stage of the new economic cycle and maintain steady and rapid development of the national economy in the long term.
