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China's Accounting to Be More Open: Premier Zhu
The Chinese government has attached great importance to the development of the accounting profession, and has made unremitting efforts in the building of the accounting system, the making of auditing rules and the training of professionals in this area, said Chinese Premier Zhu Rongji here Tuesday.

Addressing the opening ceremony of the 16th World Congress of Accountants in the Hong Kong Convention and Exhibition Center, Zhu said that the invention and wide use of abacus testify to the tradition and wisdom of Chinese accounting while in modern China both the rules and techniques of accounting and auditing are converging into the international mainstream.

"We have paid particular attention to the cultivation of professional ethics among accountants and stepped up supervision and management accordingly," he said, adding that "they should strictly observe the principles of independence, impartiality and fairness and never succumb to pressure or unwarranted demands."

The premier said as an area that was opened quite early to the outside world, China's accounting will become even more open in the future.

Accountants and investors from around the world are welcome to bring their talent into greater play in China and seek greater career expansion by taking advantage of China's vigor and vitality, he said.

(Xinhua News Agency November 19, 2002)

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