Globalization
(china.org)Updated: 2006-10-19 09:51
Third, in order to optimize the export structure and fully participate in international trade, China must seize the opportunity presented by admission to the WTO to actively optimize its export structure and increase the export of famous-brand and good-quality products. It must not rest content with the fact that manufactured goods make up 87 percent of its total exports, for most of these goods are products with low added value and low technological content. Readjusting and optimizing China's export structure remain an arduous task.
Fourth, Deepening the reform of enterprises and improving their competitive edge. Instituting and improving the modern enterprise system, optimizing the enterprise grouping structure so that it reaches a certain scale and acquires the abilities of independent creation, and strengthening their competitive muscles in the domestic and international markets -- these are still severe tasks confronting most of China's state enterprises.
Fifth, taking an active part in regional economic cooperation. China has always attached great importance to the activities of APEC, the Asia-Pacific official economic cooperation forum, and put forward many positive proposals to promote trade and investment liberalization, and economic and technological cooperation. China has also actively supported the consultation and cooperation of the "Three (China, Japan and ROK) plus 10 (the 10 Asian countries)" mechanism in East Asia.
Sixth, China must actively take part in the revision of the international financial system and global trading rules. After entering the WTO, China must first of all revise its own rules in accordance with the organization's requirements. However, as a developing country, it should be also take an active part in the revision of the existing rules of the WTO and other international economic organizations, so that it can reflect the demand of all the developing countries, reduce the negative effects of economic globalization to the minimum and make its own contribution in setting up a new international economic order.
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