China to Promote Reforms on Monopolistic IndustriesThe furthering of reform and restructuring of monopolistic industries will be one of China's key moves in the Tenth Five-Year Plan period (2001--2005), and such reforms will focus on electricity, railways, civil aviation and telecommunications.This was disclosed Monday morning by Wang Qishan, director of the Economic Restructuring Office of the State Council, at the two-day annual meeting of the China Development Forum. Wang said that the reform and restructuring aim at separating government from enterprise, introducing a competitive mechanism and innovation systems to enterprises and enhancing intensive type operation. The reforms will break monopolized businesses and let them open to competitors except those concerning national security, natural resources, and a small amount of public facility industries and public services, according to Wang. All businesses which are not adapted to market economy and optimization of efficiency should be reorganized in restructure, he said. Wang noted that such reforms and re-organization will be, in accordance with China's actual conditions, carried out step by step with introduction of the legal system. He pointed out that in the past few years, the reforms have expanded from the production and circulation fields to infrastructure and public facility sector despite of facing great difficulties, and have achieved positive results. However, such reforms are still lagging far behind the reforms in other sectors, which might hinder the establishment of socialist market economy, the development of China's infrastructure and public facility construction, and the process of China's modernization at large. |
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