The annual central economic conference, which
concluded on Sunday afternoon, said that it will be important to
continue to improve China’s socialist market economic system.
The opportunity offered by good economic conditions
and people's enhanced sense of reform should be seized to push
forward economic and social development.
According to sources from the conference, next
year's reforms will be centered on solving fundamental
contradictions and issues that affect overall development.
Efforts will be made to increase efficiency and
competitiveness and to continue to deepen corporate reform; improve
supervisory management systems for state-owned assets, set up and
improve modern corporate systems, actively promote internal
restructuring, and prevent losses of state-owned assets.
Efforts will also be made to encourage, support and
guide the development of non-publicly owned enterprises, improve
services, supervision and quality.
Macroeconomic controls should be improved, while
fiscal, financial and administrative reforms should continue.
The conference also stressed the improvement of
market systems and better distribution of resources. The
construction of capital, labor, technology and other elementary
markets and a social credit system should be accelerated. The
economic legal system should be improved to rationalize and
regulate economic relations.
The conference said that reform is at a critical
stage and that the country must adhere to development of its
socialist market economy.
(Xinhua News Agency December 5, 2004)