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Opening-up
policy continually improves (11/07/2002)
Over the past 20 years or so, China's opening-up policy has been continually
improved becoming the cornerstone of China¡¯s economic development.
Du Ping, director of the Spatial Planning and Regional Economy
Institute of China's State Development Planning Commission, noted
at the recently concluded China-ASEAN Macro-economic Forum that
China¡¯s opening-up policy has made two major changes in line with
the requirements of various development stages: One is the implementation
of opening-up in aspects of both policies and systems; the other
is the transition from a system of restricted ¡°import¡± to one encouraging
both ¡°import¡± and ¡°export.¡±
Du Ping says with regards to export, the central government has
taken many successive measures, such as withdrawing financial subsidies
on exports, abolishing decretory plans on purchasing, transferring
and allocating resources, expanding the management rights of export
enterprises as well as reducing the number of export merchandize
categories which require export licenses, and introducing bidding
and allocation systems on quoted commodities.
With regards to reforms in foreign trade import policies, the
government has taken the initiative to gradually lower tariffs,
introduce preferential policies on taxation of imported equipment
and technologies encouraged by the state, establish various special
open economic zones and relevant opening-up systems. While examining
the reform of relevant policies, such as taxation, investment, financing
and industrial policy, the government has executed designs in line
with the requirements of those special open economic zones, giving
these areas increased economic management agility and favorable
rights in system construction.
Statistics released by State Development Planning Commission show
that over the past 20 years or so, the annual growth rate of technical
industrial trade income, profit and tax of enterprises, together
with foreign exchange profit earned from export within these open
economic zones have all exceeded 50 percent.
(china.org.cn)
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