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China Set Restructuring Plan

The Chinese government announced Monday the goals, tasks and policies for economic restructuring and scientific innovation for the next five years, ahead of its accession to the World Trade Organization (WTO), due before the end of the year.

The State Development Planning Commission issued a special plan for the key areas of accession to the WTO and improvement of international computability under the 10th Five Year Plan (2001- 2005).

The special programs put forward the orientation, priorities and major policies for the reform and restructuring of the agricultural and industrial sectors and part of the service industries.

The government has drafted special plans for a dozen key areas, including accession to the WTO, transportation, energy, environmental protection, science and technology, information technology, education, high-tech industries, population, development of the western regions of China, water conservancy and urbanization.

The WTO program analyses the impact of WTO accession on China. It points out that China will face two serious challenges: One is to change the way that the government acts; the other is the impact of equal market access on Chinese enterprises.

(Xinhua News Agency 08/06/2001)

In This Series

Strategic Economic Restructuring Under Way

Accelerated Industrial Restructuring Called

SOE Seeks Public Listing for Restructuring

References

New Regulations Issued for Fair Public Bidding

Public Hearing Required for State Pricing

State Lowers Profit Margin for China’s Oil Companies

Domestic Car Pricing Control Lifted

Strategic Economic Restructuring Under Way

Development of West China to Speed Up

Development Goals Set for 2001

Chinese Economy Takes Turn for Significant Improvement

Archive

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