Pro-active Financial Policy Helps Expand Domestic DemandChen Jinhua, vice-chairman of the National Committee of the Chinese People's Political Consultative Conference, in his keynote speech at the ongoing China Business Summit 2000, pointed out Monday that to adopt pro-active financial policies is the most effective and direct means to expand domestic demand in China.Chen, who is also president of China Enterprise Federation, said that China's economy has witnessed substantial changes since the mid-1990s, and new thorny problems like stunted demand for market supply and services has loomed before us, while carrying out pro-active financial policy will facilitate a substantial growth of the economy. In past two years, the Chinese government has taken practical measures like increasing issuance of national debts, strengthening infrastructure construction and providing technological support to enterprises in an attempt to propel the economic development, he also noted. As to China's entry into WTO, Chen Jinhua expressed his strong confidence that China's enterprises are up to the challenge of World Trade Organization (WTO) membership and WTO entry will benefit the growth and development of a free market system and reallocation of resources. "We realize that joining the WTO will be a new challenge for our enterprises, but they are preparing for it and working hard for improved quality of operations." |
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