The balance of loans of all financial institutions stood at RMB 1,589 billion as of the end of June 2003, up 22.9 per cent year-on-year.
The issue of the old industrial bases in northeast China was put forward as early as the 1980s and some work concernedhasbeen done since then.
Although we have made some progress in the readjustment of distribution and structure of state-owned economy, the progress as a whole is not satisfying.
At present, the leading group of national science and technology is organizing a strategic research on the national long and medium-term program for science and technology.
Under the powerful push of a sustained fast economic growth, China has entered a stage of rapid urbanization.
Most transactions of modern market economy are based on credit, and the economic relation among social members is also mainly based on credit.
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.