China to Open up Wider After WTO Entry

Home>>Business

Last updated at: (Beijing Time) Thursday, November 29, 2001

China to Open up Wider After WTO Entry

China will take the opportunity of its WTO entry to open up wider to the outside world,according to the Central Economic Working Conference which closed Thursday in Beijing.

China will take the opportunity of its WTO entry to open up wider to the outside world,according to the Central Economic Working Conference which closed Thursday in Beijing.

The conference said that China has gone through all the legal procedures for its WTO entry and will soon become a member of the organization. This marks a milestone in China's reform and openingup.

The conference urged that the nation should fully take into consideration the challenges brought by the WTO entry, making the best use of the advantages and minimize the negative impact.

The officials at various levels, especially leading officials, should study and master the basic rules and regulations concerningthe WTO, the conference stressed.

The governments should change the way they administrate the economy, enhance the continuity and transparency in policy-making,and raise the ability of operating in accordance with international practices.

According to the conference, China will speed up the cultivation of a contingent of talented professionals proficient in international economy and law.

All the enterprises should enhance their staff's sense of competitiveness, and they must accelerate technological innovationand improve service so as to gain more market share within the short transitional period.

The conference encouraged enterprises to seize the WTO entry opportunity to diversify their export channels, expand their export volumes and attract more overseas investment through every possible means.

China Vows to Increase Employment Rate

China to Continue Expanding Domestic Demand

Central Economic Working Conference Held November 27 to 29