After five years of being part of the World Trade Organization (WTO), China
must continue to open its markets and should keep an open mind in trade
Long Yongtu, secretary-general of the Bo'ao Asian Forum and China's former
chief negotiator at the WTO, said: "China cannot slow its pace of opening."
"It has to move forward, or it will recede," said Long, when talking about
the fifth anniversary of entering the organization.
Entry into the organization, according to him, has been akin to "opening a
valve" for many industries.
He encourages businesses to face up to foreign competition in the domestic
market. "Foreign enterprises are not monopolizing Chinese industries, they are
competing here," Long said.
"The fiercer the competition, the more Chinese consumers can benefit," he
Long called for China to treat criticism of its economic policies with the
right attitude. "If these comments are complete and objective, then we should
take it as a good thing, " he said.
"We should have an open mind to these doubts in fulfilling our obligations,"
Long said. "Only in this way can we live up to our promises and speed the steps
toward a market economy. "
"We should treat the foreign enterprises invested in China as local
enterprises. This is good for improving the investment environment in China, and
will improve the international environment for Chinese enterprises going
overseas," he said.
In another development, Yi Xiaozhun, vice-minister of commerce said at the
21st Century Forum 2006 in Beijing on Friday, that China's entry into the WTO
has helped accelerate the country's economic development.
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