Chinese Premier Zhu Rongji has urged the country's state-owned enterprise supervision system be further improved as well as the state asset supervision and management system.
While presenting a forum held Thursday by the State Economic and Trade Commission, Zhu said broader reforms in recent years of major state-owned enterprises and major financial institutions had made those enterprises and institutions more competitive.
Facts had borne out that setting up a state asset monitoring body in a state-owned enterprise was a very important measure for intensifying the supervision of state-owned enterprises and guaranteeing the state asset was not run down but achieved added value, Zhu said.
Vice-premiers Li Lanqing, Wu Bangguo and Wen Jiabao as well as State Councilor Wu Yi, were all present at the forum.
(Xinhua News Agency February 24, 2003)
