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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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