China should coordinate domestic economic
development and its opening-up endeavors in order to sharpen
international competitiveness against a backdrop of globalization
and sustained, rapid growth, according to the central economic
conference.
The 3-day conference, which was attended by top
officials and concluded on Sunday, agreed that foreign investment
should be used wisely to upgrade technical innovation
capability.
More Chinese enterprises will also be encouraged to
go overseas and strengthen economic and technological cooperation
with foreign partners, they said.
(Xinhua News Agency December 5, 2004)