Reform and opening up have yielded substantial results. The socialist market economy has taken shape initially. The public sector of the economy has expanded and steady progress has been made in the reform of state-owned enterprises. Self-employed or private enterprises and other non-public sectors of the economy have developed fairly fast. The work of building up the market system has been in full swing. The macro-control system has improved constantly. The pace of change in government functions has been quickened. Reform in finance, taxation, banking, distribution, housing, government institutions and other areas has continued to deepen. The open economy has developed swiftly. Trade in commodities and services and capital flow have grown markedly. China's foreign exchange reserves have risen considerably. With its accession to the World Trade Organization (WTO), China has entered a new stage in its opening up.

改革开放取得丰硕成果。社会主义市场经济体制初步建立。公有制经济进一步壮大，国有企业改革稳步推进。个体、私营等非公有制经济较快发展。市场体系建设全面展开，宏观调控体系不断完善，政府职能转变步伐加快。财税、金融、流通、住房和政府机构等改革继续深化。开放型经济迅速发展，商品和服务贸易、资本流动规模显著扩大。国家外汇储备大幅度增加。我国加入世贸组织，对外开放进入新阶段。

Notable progress has been registered in improving socialist democracy and spiritual civilization. Continued efforts have been made to improve democracy and the legal system. New steps have been taken in political restructuring. The patriotic united front has grown stronger. Further progress has been made in the work relating to ethnic, religious and overseas Chinese affairs. Fresh progress has been made in keeping public order through comprehensive measures. Science, technology, education, culture, health, sports, family planning and other undertakings have moved ahead. The media and publicity work as well as ideological and moral education have kept improving. The people's cultural life has become increasingly rich and colorful.

社会主义民主政治和精神文明建设成效显著。民主法制建设继续推进，政治体制改革迈出新步伐。爱国统一战线发展壮大，民族、宗教和侨务工作取得新进展。社会治安综合治理取得新成效。科技、教育、文化、卫生、体育和计划生育等事业全面进步。宣传舆论工作和思想道德建设不断加强，群众精神文化生活日益丰富。

New strides have been taken in strengthening national defense and army building. Efforts have been redoubled to make the People's Liberation Army more revolutionary, modernized and regularized. Our national defense capabilities and the army's defense and combat effectiveness have further improved. The army, the armed police and the militia have played an important role in defending and building up our motherland.

国防和军队建设迈出新步伐。人民解放军的革命化现代化正规化建设继续加强，国防实力和军队防卫作战能力进一步提高。军队、武警和民兵在保卫和建设祖国中发挥了重要作用。

On the whole, the people have reached a well-off standard of living. The income of urban and rural residents has gone up steadily. The urban and rural markets have been brisk, and there has been an ample supply of goods. The quality of life of the residents has been on the rise, with considerable improvement in food, clothing, housing, transport and daily necessities. There has been marked progress in building the social security system. The seven-year program to help 80 million people out of poverty has been in the main fulfilled.

人民生活总体上达到小康水平。城乡居民收入稳步增长。城乡市场繁荣，商品供应充裕，居民生活质量提高，衣食住用行都有较大改善。社会保障体系建设成效明显。“八七”扶贫攻坚计划基本完成。

Fresh progress has been made in the great cause of national reunification. The Chinese Government has resumed the exercise of sovereignty over Macao. The principle of “one country, two systems” has been implemented and the basic laws of Hong Kong and Macao special administrative regions have been carried out to the letter. Hong Kong and Macao enjoy social and economic stability. Personnel, economic and cultural exchanges across the Taiwan Straits have kept increasing. The fight against "Taiwan independence" and other attempts to split the country has been going on in depth.

祖国统一大业取得新进展。我国政府恢复对澳门行使主权。坚持贯彻“一国两制”方针，严格执行香港特别行政区基本法和澳门特别行政区基本法，香港和澳门社会经济稳定。海峡两岸人员往来和经济文化交流不断加强。反对“台独”等各种分裂图谋的斗争深入开展。

New prospects have been opened up in our external work. In light of the developments and changes in the international situation, we have adhered to the correct foreign policy and related principles. We have carried out both bilateral and multilateral diplomatic activities extensively and taken an active part in international exchanges and cooperation. China's international standing has risen still further.

对外工作开创新局面。根据国际形势的发展变化，坚持正确的对外方针和政策，广泛开展双边和多边外交，积极参与国际交流和合作，我国的国际地位进一步提高。

Party building has been strengthened in an all-round way. All the Party members have steadily intensified their study of Deng Xiaoping Theory. We have put forward and expounded the important thought of Three Represents. Good results have been produced in the intensive education in the need to stress study, political awareness and integrity and in the study of the "Three Represents". An all-out endeavor has been made to build up the Party ideologically, organizationally and in work style. Our ideological and political work has been strengthened. New steps have been taken in the reform of the personnel system. The endeavor to build a clean and honest government and combat corruption has been going on in depth and yielding fresh notable results.

党的建设全面加强。全党对邓小平理论的学习不断深入。我们提出并深刻阐述了“三个代表”重要思想。“三讲”集中教育和“三个代表”学习教育活动卓有成效。党的思想、组织、作风建设全面推进，思想政治工作得到加强。干部制度改革迈出新步伐。廉政建设和反腐败斗争深入开展，取得新的明显成效。

Facts prove that the major policy decisions taken by the Central Committee at and since the Fifteenth National Congress are correct and accord with the fundamental interests of the overwhelming majority of the people. Our achievements are the outcome of the united endeavor of the whole Party and the people of all ethnic groups of the country. They provide a more solid foundation for the future development of the cause of the Party and state.

实践证明，十五大和十五大以来中央作出的各项重大决策是正确的，符合最广大人民的根本利益。我们取得的成就，是全党和全国各族人民共同奋斗的结果，为今后党和国家事业的发展奠定了更加坚实的基础。

We must be clearly aware that there are still quite a few difficulties and problems in our work. The income of farmers and some urban residents has increased only slowly. The number of the unemployed has gone up. Some people are still badly off. Things have yet to be straightened out in the matter of income distribution. The order of the market economy has to be further rectified and standardized. Public order is poor in some places. Formalism, the bureaucratic style of work, falsification, extravagance and waste are still serious problems among some leading cadres in our Party, and corruption is still conspicuous in some places. The Party's way of leadership and governance does not yet entirely meet the requirements of the new situation and new tasks. Some Party organizations are feeble and lax. We must pay close attention to these problems and continue to take effective measures to solve them.

必须清醒地看到，我们工作中还有不少困难和问题。农民和城镇部分居民收入增长缓慢，失业人员增多，有些群众的生活还很困难；收入分配关系尚未理顺；市场经济秩序有待继续整顿和规范；有些地方社会治安状况不好；一些党员领导干部的形式主义、官僚主义作风和弄虚作假、铺张浪费行为相当严重，有些腐败现象仍然突出；党的领导方式和执政方式与新形势新任务的要求还不完全适应，有的党组织软弱涣散。我们必须高度重视存在的问题，继续采取有力措施加以解决。

Our achievements over the past five years have been scored through reform and opening up, especially through our practice since the Fourth Plenary Session of the Thirteenth Central Committee in 1989. These 13 years have witnessed a highly volatile international situation and a magnificent upsurge of China's reform, opening up and modernization. From the late 1980s to the early 1990s, there occurred serious political disturbances in China, drastic changes in Eastern Europe and the disintegration of the Soviet Union. Socialism in the world suffered serious setbacks. China was faced with unprecedented difficulties and pressure in its efforts to develop the socialist cause. At this crucial historical juncture bearing on the destiny of the Party and state, the Party Central Committee relied firmly on all the comrades in the Party and the Chinese people of all ethnic groups and unswervingly adhered to the line prevailing since the Third Plenary Session of the Eleventh Central Committee, and thus successfully brought the overall situation of reform and development under control and safeguarded the great cause of socialism with Chinese characteristics. After Comrade Deng Xiaoping made remarks on his tour of the South, the Fourteenth National Congress decided to establish a socialist market economy as the goal of reform, thus ushering in a new stage for reform, opening up and the modernization drive. To develop a market economy under socialism is a great pioneering undertaking never tried before in history. It is a historic contribution of the Chinese Communists to the development of Marxism. It has given expression to our Party's tremendous courage to persist in making theoretical innovation and keeping pace with the times. The shift from the planned economy to the socialist market economy represented a new historic breakthrough in reform and opening up and brought about entirely new prospects for China's economic, political and cultural progress. After the demise of Comrade Deng Xiaoping, we held high the great banner of Deng Xiaoping Theory and made pioneering efforts to advance the cause of socialism with Chinese characteristics into the 21st century in an all-round way.

五年来的成就，是在改革开放特别是一九八九年十三届四中全会以来的实践基础上取得的。这十三年来，国际局势风云变幻，我国改革开放和现代化建设的进程波澜壮阔。二十世纪八十年代末九十年代初，国内发生严重政治风波，东欧剧变、苏联解体，世界社会主义出现严重曲折，我国社会主义事业的发展面临空前巨大的困难和压力。在这个决定党和国家前途命运的重大历史关头，党中央紧紧依靠全党同志和全国各族人民，坚持十一届三中全会以来的路线不动摇，成功地稳住了改革和发展的大局，捍卫了中国特色社会主义伟大事业。邓小平同志南方谈话以后，十四大确立社会主义市场经济体制的改革目标，改革开放和现代化建设进入新的阶段。在社会主义条件下发展市场经济，是前无古人的伟大创举，是中国共产党人对马克思主义发展作出的历史性贡献，体现了我们党坚持理论创新、与时俱进的巨大勇气。由计划经济体制向社会主义市场经济体制的转变，实现了改革开放新的历史性突破，打开了我国经济、政治和文化发展的崭新局面。邓小平同志逝世后，我们高举邓小平理论伟大旗帜，开拓进取，把中国特色社会主义事业全面推向二十一世纪。