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Banking Deadline Looms as Reform Remains Abuliding
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With the full opening of China's banking sector less than three years away, policy makers and experts are feeling a sense of urgency over the reform of the country's major State banks.
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Milestone Anti-dumping Duties Reviewed
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A review has started into the first anti-dumping case initiated by Chinese companies. The Ministry of Commerce (MOFCOM) began the assessment Tuesday, almost five years after the anti-dumping measures were introduced -- they are set to expire next Thursday.
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WTO Accession Boosts World Confidence in China
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World Trade Organization (WTO) membership has boosted international confidence in China, Long Yongtu, general secretary of the Bo'ao Forum for Asia (BFA) said Thursday.
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China Improves Transparency of Service Sector Pricing
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China has greatly improved the transparency of pricing in the service sector since entering the World Trade Organization (WTO) more than a year ago.
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Domestic, Foreign Banks Vie for Market Share in Shanghai
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China's first year in the World Trade Organization (WTO) has seen heated, yet fair competition between domestic and foreign banks in Shanghai, said a leading banker.
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Retail Chain Stores Boom: SETC
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Shanghai-based Hualian Group Co Ltd had the largest sales last year in a State Economic and Trade Commission (SETC) survey of major Chinese chain companies in the retail and restaurant sectors.
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Market Forces to Decide Prices
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The central government is carrying out institutional reform to allow market forces to decide prices within the power, aviation and rail sectors, said Zhao Xiaoping, director-general of the Pricing Department of the State Development Planning Commission.
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FDI Surges in January Despite Weak Global Economy
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Foreign direct investment (FDI) in China surged by almost 50 percent to US$3.59 billion in the first month of this year.
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Shanghai Unveils New Opening-up Strategy
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Shanghai's mayor said Sunday the city will continue to make itself a better place for overseas investment.
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Shanghai Draws Five-year Blueprint to Become Int'l Metropolis
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Shanghai, China's financial and industrial center, aims at reaching a per capita gross domestic product (GDP) of 7,500 US dollars in 2007.
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Exim Bank Backs Firms to Expand Overseas
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The Export-Import Bank of China (China Exim Bank) will provide stronger support for Chinese companies planning to invest in foreign countries.
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Foreign Trade Set to Stagger: Expert
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Chinese experts remain optimistic about the country's trade prospects this year but expect overall year-on-year growth to be sluggish.
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Furniture Export Set to Soar
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Chinese furniture makers, spurred by increased export demands following China's World Trade Organization (WTO) accession, are entering a golden era.
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Auto Finance Market Opens Up
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As yet another market is opened up, car ownership will become easier and the most successful auto companies will be those with the best financing packages.
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China to Deepen, Widen Reform in Civil Aviation: Minister
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While delivering a lecture at the World Civil Chief Executives Forum in Singapore, Yang Yuanyuan, minister of CAAC, pledged Thursday that China would vigorously deepen and widen the reform and open-up in the country's civil aviation industry to meet the enormously growing demand for air transport.
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China Readies for Opening-up of Publications Distribution
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China, entering its second year in the World Trade Organization, is preparing to open up the book, newspaper and magazine distribution sectors in Chongqing, Ningbo, and all provincial capitals on the mainland, taking an important step towards fulfilling its WTO commitments.
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China to Cut Import Tariff
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China's State Council has approved a reduction in the country's general tariff level from 12 percent to 11 percent, effective Jan. 1, 2003, with more than 3,000 tariff items involved.
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Chinese Firms Face Fewer Anti-dumping Cases
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Chinese companies have been subjected to fewer investigations into cases of trade dumping, subsidies and protectionism since becoming a member of the World Trade Organization (WTO) a year ago.
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Minister: China Scores "Best" Performance in Foreign Trade since Joining WTO
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China's trade minister Shi Guangsheng used the word "best" two times Sunday when describing the first year of China's membership in the World Trade Organization (WTO).
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Farmers Feel Shocks of Int'l Competition
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To improve the quality and competitiveness of products, farmers in Jiangsu, Zhejiang, Guangdong and Fujian - all economic powerhouses in the country - have demonstrated an increased awareness of market competition, coupled with a strong desire to use advanced technology.
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WTO Entry Boosts China's Economy
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China's World Trade Organization (WTO) entry has boosted its economic growth and advanced its legal and governmental reforms.
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Legislative Process Aids Democracy
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Leading law professors Wednesday hailed the Chinese legislative process that has taken on board the wisdom prevailing at grassroots level, especially now that China has entered the World Trade Organization (WTO).
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Experts Discuss Post-WTO Agriculture
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An increasing number of Chinese farmers are aware of the country's World Trade Organization (WTO) entry and are trying to understand what it really means to them.
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Localities Urged to Map out Regional Retail Sector Blueprint
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Local governments in major cities were yesterday urged by the State Economic and Trade Commission (SETC) to map out regional blueprints for the retail sector to sharpen competitiveness in the face of severe challenges from overseas chain stores.
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Foreign Supermarkets Gain Bigger Share After WTO Entry
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Competition among foreign retailers in China has heated up since China entered the World Trade Organization (WTO) nine months ago. According to a survey by the State Economic and Trade Commission (SETC), foreign-funded firms now account for 23 percent of the large-sized supermarkets.
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IT Market Booming After Accession to WTO
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China has become one of the most open markets in the world in the information technology sector and will share its development with other countries after its entry to the World Trade Organization (WTO), said a senior Chinese official at the Eighth World Electronics Forum (WEF) held in Beijing on Monday.
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China to Open Official WTO Website
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An official website on China and the World Trade Organization (WTO) will formally open on Friday, the Ministry of Foreign Trade and Economic Cooperation (MOFTEC) announced here Thursday.
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FDI, Driving Force of Globalization: Chinese State Councilor
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State Councilor Wu Yi stressed the importance of the role of foreign direct investment (FDI), emphasizing that in this increasingly open world, FDI has become an important driving force for economic globalization, at Sunday's opening of the 2002 International Investment Forum.
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Education for Farmers Essential
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Nine months have passed since China joined the World Trade Organization (WTO) late last year. During this period, China's imports and exports of farm produce have increased in a steady and balanced way. But the WTO entry has also had some impact on the country's agriculture.
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Foreign Trade Booming Since WTO Entry
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Turn on a TV, browse a website or pick up a newspaper and one word will leap at you: WTO (World Trade Organization).
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Movie Market Rebounds After WTO Entry
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An optimistic prediction from China's first and one of the largest film festivals, the Changchun Movie Festival, is that the country's movie market is coming out of a long depression.
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Shanghai to Wage Anti-dumping Fight
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The city government has decided to implement a series of measures to help local industry prepare for the expected growth in the number of anti-dumping cases over the coming years.
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Big Changes over the Past Half Year Since China's WTO Entry
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The following is a dialog on this topic conducted between MOFTEC Minister Shi Guangsheng and People's Daily Correspondent Gong Wen. The dialog focuses on the following points.
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Introducing Law into Governance
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Lawyers in China have elevated their position among the public and are starting to play an increasingly important role in government.
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China Speeds up Processing Anti-dumping Cases
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China's foreign trade departments have launched investigations into 19 anti-dumping cases since 1997and six have reached a final decision.
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China Loosens Grip on SOEs
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China has worked out an aggressive plan that will allow foreign multinationals to acquire State-owned enterprises (SOEs), a breakthrough legal framework that will strategically shift the stakes of the country's tens of thousands of insolvent SOEs to foreign companies.
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Managers to Undergo WTO Training
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A national training project was launched on Tuesday to help entrepreneurs and management staff from domestic enterprises get familiar with World Trade Organization (WTO) knowledge.
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WTO Entry Impacts China's Employment Market
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China's entry into the World Trade Organization (WTO), in a long-term point of view, means an increase of 2 - 3 million job opportunities every year. However, the recent estimation is to see an additional unemployment of 3-4 million, making the unemployment rate to rise two percentage points.
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Lawyers Urged to Fit Into Bigger Suit
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Lawyers were encouraged yesterday to enhance their role in the political, economic and social arenas in China. "With the development in politics, the economy, culture and the legal system, the role of lawyers in society should be given full play," said Minister of Justice Zhang Fusen at a national conference of lawyers which closed yesterday.
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Quality Norm of Goods at Int'l Level by 2005
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China plans to unify domestic and international standards for imports and exports and put an end to charges of erratic quality within three to five years.
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