The Communist Party will map out the country's economic development plans for the next five years during a plenary meeting scheduled for October in Beijing, state media reported, quoting a Politburo meeting yesterday. At its first meeting after the yuan revaluation, the Politburo also discussed the economy. Despite macroeconomic controls having achieved positive results and the national economy forging ahead at a steady pace, it concluded the country faces 'tough development tasks' in the second half of the year. Xinhua said the Politburo decided the discussion of the 11th Five-Year Plan (2006-2010) on Economic and Social Development would be a priority at the Fifth Plenary Session of the 16th Central Committee of the Communist Party of China. The meetings, presided over by party boss Hu Jintao, suggest the next five-year plan should still be guided by the theories of Deng Xiaoping and Mr Hu's predecessor, Jiang Zemin . On economic development, it said: 'We should continue to strengthen and improve 'macro control' measures and stick to prudent fiscal and monetary policies in order to maintain the continuity and consistency of our economic policy.' This year, the last of the Tenth Five-year Plan, is a critical one in terms of maintaining good growth momentum for the country and laying a solid foundation for the 11th Five-Year Plan, the Politburo meeting said. China aims for an average annual growth rate of 8 per cent from next year to 2010 and an average per capita GDP of US$1,700 per year by 2010, according to the State Council's Development Research Centre. Major capital reforms will be the key driving force for economic growth during the next five years, the top think-tank said.