From Xinhua via People’s Daily Online (link)

China’s 11th five-year plan is another major step in China’s transition to a market economy, Joseph E. Stiglitz, a Nobel Prize laureate said here on Sunday.

Addressing the China Development Forum 2006, Stiglitz said one of the distinctive aspects of China’s development plan is its comprehensiveness, which is indispensable for a successful strategy.

China in its 11th five-year plan reiterates construction of a “harmonious society”, which put an emphasis on balance, said Stiglitz.