China's Eleventh Five-Year Plan (2006-2010): From "Getting Rich First" to "Common Prosperity"

China's Eleventh Five-Year Plan, which sets the directions for national development for the 2006 to 2010 period, has been described as a revolutionary plan. This paper examines the Plan's goal to build a "harmonious socialist society" by enabling disadvantaged groups and less developed regions to share the fruits of economic growth. It first describes the Plan's main principles and major quantitative targets for the five-year period. In the second half of the paper, the author argues that the emphasis on "common prosperity" can be explained by the rise in inequality over more than two decades, by a new political administration that seeks to establish its own path while endorsing ideas from past regimes, and by President Hu Jintao and Premier Wen Jiabao's more open and consultative style of leadership. Journal of Economic Literature, Classification Numbers: O20, O53, P21. 1 figure, 2 tables, 58 references.

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