Chinese State Councilor on Internal and Foreign Trade

Wu Yi, China's State Councilor, called on economic officials at a national conference on economic and trade to achieve greater progress on next year's internal and foreign trade.

Guided by the principle of the 15th National Congress of the Communist Party of China, the Fifth Plenary Sessions of the 15th CPC Central Committee, and the Central Economic Working Conference convened by the CPC Central Committee, China's economic work for the coming year are expected to be well done, Wu said.

She noted that the work is very important in the country's Tenth Five Year Plan Period (2001-2005).

She urged economic administrative departments nationwide to make full use of China's fast economic development and the country's entry into the World Trade Organization WTO) so as to create a new phase in internal and foreign trade sector.

The departments should work hard to prepare for the entrance into the WTO and learn principles and information about WTO, she said.

New working methods, deep research, advanced business skills and better administrative measures should be used in next year's economic work, she added.

Wu noted that economic department should also exert more efforts to carry out reforms focusing on modernized circulation of materials, which will play an important role in the persistent development of commodity circulation.

In addition, related departments should prepare proper commodities and business service in accordance with the need of domestic and overseas markets.

Domestic enterprises are encouraged to invest and run projects in foreign countries for exporting products, equipment and technology, she said.






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