Premier Zhu Rongji yesterday urged government officials to understand the rules of the World Trade Organization (WTO) to ensure sound economic development and social stability in the country.

The impact of the WTO entry should not be exaggerated - or underestimated, said Zhu at a seminar attended by over 90 ministerial-level officials from across the country.

Zhu made the remarks just days before China becomes a member of the WTO.

Joining the WTO was a major decision taken by the central government, that is consistent with the country's fundamental and long-term interests, as membership will give a firm push to China's building of a socialist market economy and economic modernization, Zhu said.

The transitional period for China after it enters the WTO is only three to five years, and the country should spare no efforts to become well-prepared and readjusted during that period, Zhu said.

"Whether the gains are larger than the losses will depend on our work," said Zhu, adding that China should honor its commitment as well as make full use of the rights it enjoys as a member of the WTO.

The most-favored nation treatment and the national treatment China will gain from other WTO members will create a perfect environment to increase the country's export volume, he said.

Zhu encouraged domestic enterprises to upgrade their management in order to raise their competitiveness.

The drafting of amendments and the abolishment of obsolete laws, rules and regulations should be speeded up, Zhu urged. These changes should be in line with China's WTO commitment and also take into consideration the protection of the country's economic development, said the premier.

In addition, efforts should be made to enhance development and innovation in science and technology, push forward the upgrading of industrial technologies and the promotion of industrial restructuring.

China's WTO accession calls for new requirements for the country's administrative system. Government departments at all levels should push these reforms and conduct administrative operations according to law, he said.

China should be skilled in the use of WTO rules to protect its industrial safety and economic security.

And study and training about the WTO should be conducted in order to generate high-quality talents, he added.

(China Daily December 10, 2001)