China Prepares for Entry into WTO

China is stepping up efforts to prepare for its accession into the World Trade Organization (WTO), a senior official of the State Development Planning Commission ( SDPC) said Wednesday.

China will allow foreign investors more access to domestic markets, further improve the investment environment and attract more foreign funds, Li Zibin, vice-minister of the SDPC, said at an international forum on China's economic development.

Great potential exists in China's domestic market, providing a promising future to foreign investors, while Chinese enterprises will also expand their investment overseas, enhancing Sino-foreign economic and technological exchanges and cooperation, he said.

China's economy cannot develop without cooperation with the outside world, while the development of the world needs China's contribution, the official said.

More than 100 prominent figures from economic circles both at home and abroad attended the forum, which was co-sponsored by the Macroeconomic Institute of the SDPC and the Hong Kong and Shanghai Banking Corporation (HSBC).

The participants will discuss on various topics including China 's development planning for the next five years, economic restructuring, development of the western region, accession to the WTO, social security and fiscal and money policies at the 3-day forum which is to end Friday.

(Xinhua 03/22/2001)

In This Series

Farmers' Cooperative Economic Organization: A Way Out for China's Agriculture

Research to Offer WTO Solutions

Credit-Based Economy a Must for China: CPPCC Members

Legislature Paving Way for WTO Entry

Revving Up for A Bigger Market Share

China Ready to Honor Its Obligations, Next WTO Chief Says



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