China Seeks Foreign Advice for Reform in InfrastructureAn international symposium on the reform of China's infrastructure sectors closed Friday in Haikou, capital of Hainan Province.A total of 150 specialists from the World Bank (WB), European Investment Bank (EIB), the United States, Germany, Singapore and the Chinese mainland attended the three-day symposium, said local sources. During the symposium, participants discussed subjects ranging from economic globalization, and reform in China's infrastructure sectors in the early 21st century, to the development of the non-public economy in China during the tenth Five-Year-Plan period ( 2001-2005). The experts believe that China's upcoming accession into the World Trade Organization will provide the country with unprecedented historical opportunities and new challenges in its economic development. They said that China should speed up the pace of reform in its infrastructure sectors by embracing the challenges and take measures to encourage non-public economic entities to participate in the reform of the infrastructure. It is also necessary to work out measures to reform basic infrastructure like telecommunications, railways and civil air services. The symposium was jointly sponsored by three organizations, including the China Research Society for Economic Restructuring and a German company. |
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