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Last updated at: (Beijing Time) Monday, October 13, 2003

CPC plenary session set to push reform: Experts

Chinese economists said the ongoing Communist Party leaders' meeting in Beijing is expected to discuss and resolve some new problems in reforms, which will explore a new stage of the country's economic system innovations.


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Chinese economists said the ongoing Communist Party leaders' meeting in Beijing is expected to discuss and resolve some new problems in reforms, which will explore a new stage of the country's economic system innovations.

The Third Plenary Session of the 16th Central Committee of the Communist Party of China (CPC) opened in Beijing Saturday.

Professor Yuan Gangming, a senior economist at the Chinese Academy of Social Sciences, said although China has built the framework of socialist market economy, the framework is still underdeveloped and imperfect.

He said since the start of reforms, China has built up regions along the east coast and then implemented western development projects. And now, it is about to revive the traditional industrial bases in northeast China, which means a new symbol for regional economic adjustment.

Time to revive traditional industrial bases
Party leaders from three provinces in Northeast China said conditions are ripe for speeding up the revival of the northeastern traditional industrial bases.

Secretary of Liaoning Provincial Party Committee, Wen Shizhen said the central government's decision is in line with reality in the province.

Wang Yunkun from Jilin province pledged to strive to solve some prominent issues such as structure improvement, ideology update and market development.

And Song Fatang from Heilongjiang Province said they have set down adjustment projects and are determined to transform the province into a base for industry, petroleum, energy, pollution-free foodstuffs and medicine.

The northeast used to be a flourishing heavy industry base in China. But since economic reforms were deepened, many state enterprises ran into difficulties, with a large number of employees being laid off.


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3rd plenary session of 16th CPC Central Committee opens



 


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