China's Development to Create Unlimited Business Opportunities: Premier

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Last updated at: (Beijing Time) Friday, April 12, 2002

China's Development to Create Unlimited Business Opportunities: Premier

The new leap forward in China's reform , opening up and modernization drive will not only bring enormous benefits to the Chinese people, but also deliver unlimited business opportunities, ushering in broad prospects for economic cooperation in Asia and around the world, Chinese Premier Zhu Rongji said Friday at the Asian Boao Forum.

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China's achievements in the past

Over the past two decades and more, China has achieved rapid economic growth thanks to its unswerving pursuit of the reform and opening up policy, accelerated the development of its national economy, and improved its people's livelihood, Zhu said at the first annual conference of the Boao Forum for Asia, which opened here Friday morning.

China's modernization drive in new century

In the new century, China's modernization drive has entered a new stage, and its national economy will keep developing at an annual growth rate of more than seven percent, he said.

China's accession to the World Trade Organization (WTO) represents the new starting point for its opening to the outside world. Our participation in worldwide economic cooperation and competition will assume greater scope and depth, Zhu said.

China will open its door still wider to the rest of Asia and the world, to entrepreneurs and investors of all countries. China will honor its WTO commitments, opening more areas in a phased manner, lowering our tariffs and removing non-tariff barriers.

China will continue to improve the rule of law, thus bringing about a market environment that is fairer, more transparent and more predictable.

In the meantime, China will energetically carry out our " going global" strategy, encouraging more Chinese firms under various forms of ownership to operate globally.

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