Home
Letters to Editor
Domestic
World
Business & Trade
Culture & Science
Travel
Society
Government
Opinions
Policy Making in Depth
People
Investment
Life
Books/Reviews
News of This Week
Learning Chinese
WTO Entry Has Far-Reaching Effect on China's Resource Management

China's accession into the World Trade Organization (WTO) will have a broad and far-reaching influence on the management of the country's land and resources, a senior land official said Sunday in Beijing.

Tian Fengshan, minister of land and resources, said at the National Meeting on the Land and Resources that WTO rules and China's pledge to keep those rules as a member country will have an inevitable influence on domestic resource management.

Nowadays, no country could develop solely on domestic resource supplies, said the minister, adding that WTO access has surely increased chances for China to optimize its own resource consumption with global supplies.

There is also a higher demand for China to open such fields as resource exploration and production to foreign investors. The global trade system of the WTO is conducive to implementing China's "Two-Way Investment Strategy", which encourages competent Chinese companies to invest abroad while stimulating the utilization of foreign investment, he said.

Meanwhile, the ministry is conducting an all-round and scientific evaluation of the negative international factors brought about by China's WTO entry which may influence China's domestic resources strategy, Tian said.

The minister emphasized that China should always properly balance the greater use of foreign resources and the safeguarding domestic resources.

In this respect, the country abides by the principle of making sufficient use of foreign resources while avoiding dependence on the imports, pushing forward international resources exchanges while curbing the outflow of reserves of rare resources from the country, he said.

Tian said that China will increase foreign investment in exploring and developing domestic resources, while actively carrying out geological surveys and strategic resource investigations abroad and improving research on global resource strategies, which would combine in the "Two-Way Investment Strategy."

He also pointed out the continued importance of securing China's food supply by ensuring the basic farmland coverage in the country.

(Xinhua News Agency March 10, 2002)

China-UN Launch Sustainable Land-Use Project
Bids Ensure Equal Treatment for Land Developers
Warning Issued on Loss of Farm Land
State to Better Regulate Land Use
State to Tighten Up Use of Land
Land, Resources Exploitation to Be Disciplined
More Efforts to Protect China's Arable Land
Nation Calls for Efficient Use of Land
Ministry to Update Land Data Yearly
China's WTO Entry
Copyright China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68996214/15/16