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| International Forum on China's WTO Entry opens |
| CCTV.COM 2002-12-17 16:12:28 |
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Development has been the focal national task in China over the past year and this is expected to continue into 2003 as the nation continues to fulfill its WTO agreements. That's the sentiments being expressed at the 2002 Beijing International Forum on China's WTO Entry.
To promote economic development, China will further open its domestic market to outside investors, so says the Vice Minister of Foreign Trade and Economic Cooperation Long Yongtu, who addressed the forum Monday.
Vice Minister Long said China has attracted a new record of foreign investments and international trade since it joined the WTO a year ago.
It is estimated that by the year's end, China's total import and export volume will exceed 600 billion US dollars with a growth rate of more than 18 percent. For the first eight months of the year, China on average was injected with 142 million US dollars of foreign capital per day, making it the most attractive place for overseas investors. This achievement is widely attributed to the nation's entry into the WTO.
"The implementation of an independent judicial supervising system has enhanced the standardization and transparency of the Chinese market. This has promoted the Chinese market to an internationalized market economy," said Long.
Experts from China and the United States spoke at the forum on China's first successful WTO year, and they discussed issues on how to utilize WTO regulations to promote reform and development in other developing countries.
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Editor: Xiao Wei CCTV.com
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