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CHINA TO CONNECT 10TH FIVE YEAR PLAN WITH ACCESSION TO WTO


Chinese government posted "10th Five-Year Plan of Economic and Social Development--special program for improving international competitiveness through accession to WTO". It will lead China's general economic structural reforms, system and technical innovations, and policy orientations in the next 5 years. State Development Planning Commission (SDPC) announced that this program would provide the guidance for the structural adjustments in agricultural, industrial, and services sectors as well as the reform directions, focal points, and main policies. Chinese government said, within the coming 5 years, the management system that fulfills the socialistic market economy and the rules of WTO would be gradually constructed. The international competitive capability of Chinese industries and enterprises would be entirely upgrade. A fair market entry environment should be built as soon as possible and a macro-adjusting system should be established for resisting the impact from the international economic fluctuations. Generally speaking, Chinese government wants to set up a set of reliable macro-adjusting mechanism that can meet international standard and face the challenges after joining the WTO.

   
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