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UPDATED: 09:57, December 06, 2004
China to open further to outside world, central economic conference
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China is to open its door wider to the outside world by speeding up transformation of the mode of foreign trade and looking for more means of foreign trade and more overseas markets, a decision made by the central economic conference said Sunday in Beijing.

China should coordinate domestic economic development and its opening-up endeavors in order to sharpen its international competitiveness against the backdrop of economic globalization and sustained, rapid economic growth in China, according to the decision of the conference convened by the Central Committee of the Chinese Communist Party and the State Council.

Foreign investment should be used wisely to upgrade technical innovation capability, the decision said.

More Chinese enterprises are encouraged to go overseas and strengthen economic and technological cooperation with their foreign partners, it said.

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