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| Zhu calls for deepening reform, wider opening （1） |
| CCTV.COM 2003-03-05 11:03:43 |
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Chinese Premier Zhu Rongji called for deepening economic restructuring and opening still wider to the outside world, in the Report on the Work of the Government he delivered at the opening of the First Session of the 10th National People's Congress Wednesday.
While adhering to and improving the basic economic system in which public ownership plays the dominant role and diverse forms of ownership develop by its side, China will unswervingly consolidate and develop the public sector of the economy, and unswervingly encourage, support and guide the development of the individual, private and other non－public sectors of the economy, according to the report.
The government should continue to push reforms turning state－owned enterprises into standard joint－stock companies and improve the mechanisms of supervision over them in accordance with the requirements of establishing a modern corporate system.
"We should actively support eligible large enterprises to become listed on overseas stock markets. We should establish large, internationally competitive companies or enterprise groups that have distinctive main lines of business and possess their own intellectual property rights and name brands," the report says.
The government should do a better job of reorganizing military－industrial and other enterprises in difficulties and help them out of their plight； carry forward the reform of the power, telecommunications and civil aviation industries； reform the state property management system from top to bottom in an orderly way； expand the area in which private capital has market access and create an environment of fair competition for all types of market players； support the development of small and medium－sized enterprises, especially technology and labor－intensive ones, regardless of their forms of ownership.
"We should steadily carry out reform of the financial system and continue reforms of the taxation, investment and financing systems. We should deepen reform of the system for income distribution and progressively rationalize it," says the report.
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Editor: Han Ling Source:Xinhua
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