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China to announce several major economic policies
(Asia Pulse)
Updated: 2005-12-08 15:08
Ma Kai, minister in charge of China's National Development and Reform
Commission, disclosed that the country will announce several policies in the
coming period, which will have a large impact on future economic development.
The policies include directory document on promoting
independent innovation, directory measures on promoting the rise of central
China, proposals on stepping up the development of the service industry, and
policies on promoting the reform of monopoly industries and prices of
resource-based products.
Ma said that China will accelerate the use of imported technologies and
equipment to support re-innovation, and grant supporting policies to those using
domestically-made equipment and machinery, while encouraging the localization of
research and development (R&D) activities of foreign-funded enterprises, and
supporting qualified Chinese enterprises to set up R&D centers abroad.
He disclosed that the directory proposals on the rise of central China have
been completed, and opinions are being solicited from provinces in central
China. The proposals are expected to be released soon.
The country will step up construction of major
infrastructure facilities in West China and support resource processing bases
for oil, rare earth and Potash fertilizer. It has completed trial planning of
zoning of cities in the Yangtze River delta area and the Beijing-Tianjin-Hebei
rim.
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