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China to make fresh progress in reforms this year
(chinadaily.com.cn)
Updated: 2004-03-05 10:26

China will systematically carry forward reforms this year, focusing on certain areas in accordance with the decision of the Communist Party of China Central Committee and strive to make fresh progress in some important areas, Premier Wen Jiabao said Friday.

In his government work report read at the parliament session, he said China will deepen the reforms of the state asset management system and state-owned enterprises, by transforming state-owned enterprises into standard stock companies, optimizing the structure of property ownership, and improving corporate governance and encouraging enterprises to change how they operate, according to the premier.

China will vigorously develop a mixed ownership economy and gradually make the shareholding system the principal form of public ownership, he said.

The premier said that the government will press ahead with the reform and reorganization of the telecommunications, electricity and civil aviation industries, make steady progress in the reform of the postal service and railway transport, and encourage the commercialization of urban public utilities.

A number of large, competitive companies or conglomerates that own proprietary intellectual property rights and name brands should emerge through reform and development, Wen said.

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