Chinese economy enters new era of development ( 2003-11-11 01:06) (Xinhua)
China's economy has entered a new era of development after more than two
decades of reform and opening to the outside world, said Zhu Zhixin,
vice-minister of the State Development and Reform Commission (SDRC), on Monday.
Zhu said at the China Economic Development Forum 2003 in the city of Suzhou
in east China's Jiangsu province that China's economy had bid farewell to
shortage of supply, a rigid system and closed-door development.
The economy was generally in a good shape, he acknowledged. Despite the
volatile international situation, the outbreak of SARS epidemic and various
natural disasters, the newly elected Chinese government had resorted to prompt
and effective measures to secure sustained, rapid growth of the economy.
He said that China had set the general direction of building a well-off
society in a comprehensive way. The country was implementing a wide range of
strategies to develop the economy.
Zhu said the new growth areas of the economy lay not just in certain
industries or sectors, but in the country's strategy of achieving a balance
between social and economic development, between the development of urban and
rural areas, between the human beings and nature, and between domestic
development and opening to the outside world.
The government should keep a sober mind and be fully aware of the
difficulties and challenges ahead, he noted. China would strive to maintain a
stable economic growth and to avoid any possible major fluctuations in the
economy.
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