Not long ago, the author went to make a survey on the private investment in Zhejiang Province with the study tour of All-China Federation of Industry and Commerce (ACFIC), headed by Mr. Huang Mengfu, Chairman of ACFIC.

The Trilateral Joint Research Project has been undertaken by the Development Research Center of the State Council (DRC) in China, the National Institute for Research Advancement in Japan (NIRA) and the Korea Institute for International Economic Policy (KIEP) since 2001.

The mid- and long-term development objective for China is to build a well-off society in an all-round way in the first 20 years of the 21st century (2001-2020).

Establishing a state-owned assets management system in line with the requirements of a market economy is a major task for economic restructuring.

As far back as in the early 1980s, the central government explicitly advocated in its policies for returning the supply and marketing cooperatives to the farmers.

Under the correct leadership of the Party Central Committee and the State Council, and with concerted efforts of the whole nation, the SARS epidemic has been brought under an effective control.

Since the beginning of this year, the residents’ consumer price index has ended nearly one year’s negative growth and has shown a trend of increasing month by month.

After more than two decades of efforts, China has preliminarily established a framework of the socialist market economic system, with market starting to play a fundamental role in allocation of resources and economic operation.