Premier Wen on principal domestic tasks for 2004

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Last updated at: (Beijing Time) Friday, March 05, 2004

Premier Wen on principal domestic tasks for 2004

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"The year 2004 is a crucial year for China's reform and development," said Premier Wen Jiabao Friday, when he delivered a report on the work of the government at the opening of the Second Session of the Tenth National People's Congress.

Wen listed the principal domestic tasks for 2004 as follows:

-- To pay more attention to exercising macro-control, balancingthe interests of all parties, putting people first, and promoting reform and innovation in accordance with the "five balanced aspects" (balancing urban and rural development, balancing development among regions, balancing economic and social development, balancing development of man and nature, and balancing domestic development and opening wider to the outside world);

-- To concentrate on resolving prominent conflicts in economic and social development and acute problems concerning the vital interests of the people and properly balancing reform, developmentand stability;

-- To promote all-round, balanced and sustainable development of the economy and society; and to coordinate the progress of socialist material, political and spiritual civilizations.

China to make progress in reforms in 2004

China will systematically carry forward reforms this year, focusing on certain areas in accordance with the decision of the Communist Party of China Central Committee and strive to make fresh progress in some important areas, the Premier said.

In his government work report read at the parliament session, he said China will deepen the reforms of the state asset management system and state-owned enterprises, by transforming state-owned enterprises into standard stock companies, optimizing the structure of property ownership, and improving corporate governance and encouraging enterprises to change how they operate.

China will vigorously develop a mixed ownership economy and gradually make the shareholding system the principal form of public ownership, he said.

The premier said that the government will press ahead with the reform and reorganization of the telecommunications, electricity and civil aviation industries, make steady progress in the reform of the postal service and railway transport, and encourage the commercialization of urban public utilities.

A number of large, competitive companies or conglomerates that own proprietary intellectual property rights and name brands should emerge through reform and development, Wen said.

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Premier Wen delivers government work report

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