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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.

改革開放取得豐碩成果。社會主義市場經濟體制初步建立。公有制經濟進一步壯大，國有企業改革穩步推進。個體、私營等非公有制經濟較快發展。市場體系建設全面展開，宏觀調控體系不斷完善，政府職能轉變步伐加快。財稅、金融、流通、住房和政府機構等改革繼續深化。開放型經濟迅速發展，商品和服務貿易、資本流動規模顯著擴大。國家外匯儲備大幅度增加。我國加入世貿組織，對外開放進入新階段。

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.

社會主義民主政治和精神文明建設成效顯著。民主法制建設繼續推進，政治體制改革邁出新步伐。愛國統一戰線發展壯大，民族、宗教和僑務工作取得新進展。社會治安綜合治理取得新成效。科技、教育、文化、衛生、體育和計劃生育等事業全面進步。宣傳輿論工作和思想道德建設不斷加強，群眾精神文化生活日益豐富。

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.

國防和軍隊建設邁出新步伐。人民解放軍的革命化現代化正規化建設繼續加強，國防實力和軍隊防衛作戰能力進一步提高。軍隊、武警和民兵在保衛和建設祖國中發揮了重要作用。

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.

人民生活總體上達到小康水平。城鄉居民收入穩步增長。城鄉市場繁榮，商品供應充裕，居民生活質量提高，衣食住用行都有較大改善。社會保障體系建設成效明顯。“八七”扶貧攻堅計劃基本完成。

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.

祖國統一大業取得新進展。我國政府恢復對澳門行使主權。堅持貫徹“一國兩制”方針，嚴格執行香港特別行政區基本法和澳門特別行政區基本法，香港和澳門社會經濟穩定。海峽兩岸人員往來和經濟文化交流不斷加強。反對“臺獨”等各種分裂圖謀的斗爭深入開展。

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.

對外工作開創新局面。根據國際形勢的發展變化，堅持正確的對外方針和政策，廣泛開展雙邊和多邊外交，積極參與國際交流和合作，我國的國際地位進一步提高。

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.

黨的建設全面加強。全黨對鄧小平理論的學習不斷深入。我們提出并深刻闡述了“三個代表”重要思想。“三講”集中教育和“三個代表”學習教育活動卓有成效。黨的思想、組織、作風建設全面推進，思想政治工作得到加強。干部制度改革邁出新步伐。廉政建設和反腐敗斗爭深入開展，取得新的明顯成效。

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.

實踐證明，十五大和十五大以來中央作出的各項重大決策是正確的，符合最廣大人民的根本利益。我們取得的成就，是全黨和全國各族人民共同奮斗的結果，為今后黨和國家事業的發展奠定了更加堅實的基礎。

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.

必須清醒地看到，我們工作中還有不少困難和問題。農民和城鎮部分居民收入增長緩慢，失業人員增多，有些群眾的生活還很困難；收入分配關系尚未理順；市場經濟秩序有待繼續整頓和規范；有些地方社會治安狀況不好；一些黨員領導干部的形式主義、官僚主義作風和弄虛作假、鋪張浪費行為相當嚴重，有些腐敗現象仍然突出；黨的領導方式和執政方式與新形勢新任務的要求還不完全適應，有的黨組織軟弱渙散。我們必須高度重視存在的問題，繼續采取有力措施加以解決。

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.

五年來的成就，是在改革開放特別是一九八九年十三屆四中全會以來的實踐基礎上取得的。這十三年來，國際局勢風云變幻，我國改革開放和現代化建設的進程波瀾壯闊。二十世紀八十年代末九十年代初，國內發生嚴重政治風波，東歐劇變、蘇聯解體，世界社會主義出現嚴重曲折，我國社會主義事業的發展面臨空前巨大的困難和壓力。在這個決定黨和國家前途命運的重大歷史關頭，黨中央緊緊依靠全黨同志和全國各族人民，堅持十一屆三中全會以來的路線不動搖，成功地穩住了改革和發展的大局，捍衛了中國特色社會主義偉大事業。鄧小平同志南方談話以后，十四大確立社會主義市場經濟體制的改革目標，改革開放和現代化建設進入新的階段。在社會主義條件下發展市場經濟，是前無古人的偉大創舉，是中國共產黨人對馬克思主義發展作出的歷史性貢獻，體現了我們黨堅持理論創新、與時俱進的巨大勇氣。由計劃經濟體制向社會主義市場經濟體制的轉變，實現了改革開放新的歷史性突破，打開了我國經濟、政治和文化發展的嶄新局面。鄧小平同志逝世后，我們高舉鄧小平理論偉大旗幟，開拓進取，把中國特色社會主義事業全面推向二十一世紀。