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Government to Further Improve Market Economic Order

Top State Council official said Thursday that more efforts will be made to rectify and regulate market economic order this year, starting with a new national campaign against illegal practices.

Authorities were pleased with last year's crackdown on criminal acts in the market, such as fake and sub-standard goods and pyramid selling, Vice-Premier Li Lanqing said.

Bigger challenges lie ahead now that China is a member of the World Trade Organization (WTO), Li said at a national tele-conference of rectifying and regulating market economic order.

Meeting participants outlined a campaign to clear obstacles hindering productivity, create a fair playing field for the post-WTO market and protect the interests of the public.

The vice-premier said the fight against illegal market acts will be long and hard but worth it.

While determined to crack down on criminal activities such as fraud, the State Council also called on its different branches to study the deep-seated causes of illicit practices and seek better ways to solve problems by improving the legal and administrative systems.

Strict measures will be taken to examine and approve the qualifications of businesses in the market, setting up a more scientific market entry and exit system, Li said.

(China Daily March 1, 2002)

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