Ministry of Commerce of the People's Republic of C : China to further economic reform: senior official
06/27/2012| 05:14pm US/Eastern
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China needs to continue deepening reform in an effort to give
impetus to its further economic development, a top economic
planning official said Monday.
China has made great achievements since it started reform over
three decades ago, Zhang Ping, minister in charge of the
National Development and Reform Commission, told a press
conference.
Zhang cited state-owned enterprises (SOEs) as fields in which
China has pushed forward reform through transformation or
mergers.
China used to have more than 190 SOEs owned by the central
government. By the end of 2011, there were only 117 SOEs left,
with 60 percent of these being transformed with modern
corporation systems and some being listed, Zhang said.
China has been vigorously encouraging reform in other sectors
such as finance, banking, medicine and health care, he said.
"During the course of reform, China needs to learn from
other countries and take as reference the world achievements of
civilization on the basis of its own situation. However, we
must take our own road as reform is an unprecedented
undertaking," Zhang said.
"Reform will be a major task and an important goal for a
period of time," said the official.
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