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| Breakthroughs made in reform, opening: Premier （1） |
| CCTV.COM 2003-03-05 09:03:37 |
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Chinese Premier Zhu Rongji has said that in the past five years, the reform and opening up achieved many breakthroughs, and the basis of a socialist market economy was established.
 Zhu said this when he delivered the Report on the Work of the Government at the opening of the First Session of the 10th National People's Congress Wednesday.
According to the report, during these five years, the ownership structure was further readjusted and improved. The public sector of the economy grew stronger in the course of readjustment and reform, and efforts to diversify ways of realizing public ownership were successful. The state sector of the economy went through accelerated restructuring, and markedly enhanced its dominance and competitiveness.
The objective of turning loss－making state－owned enterprises around within three years was basically attained. Most large and medium－sized key state－owned enterprises attained by and large the goal of establishing the modern corporate system, and a number of dynamic and competitive enterprises have come to the fore.
Further progress was made in opening up and revitalizing small and medium－sized state－owned enterprises. Substantive progress was made in restructuring the management system of monopoly industries. The collective economy in urban and rural areas made new headway. The joint－stock company sector of the economy expanded continuously.
And individually owned businesses, private enterprises and other non－public sectors of the economy developed fairly fast and played an important role in stimulating economic growth, creating more jobs, invigorating the market and expanding exports, the report says.
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Editor: Han Ling Source:Xinhua
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