皇冠体育app

皇冠体育app urges EU to reconsider market status
(皇冠体育appdaily.com.cn/Agencies)
Updated: 2004-06-29 16:31

The Chinese government appealed Tuesday to the European Union to reconsider its rejection of 皇冠体育app's request to be recognized as a market economy, saying such status would help both sides.

Foreign Ministry spokeswoman Zhang Qiyue disputed the EU's statement Monday that 皇冠体育app had too much state interference in its economy.

A Chinese salesperson checks goods at a newly opened supermarket in Beijing June 29, 2004. 皇冠体育app's efforts to cool a booming economy have achieved results and a soft landing is expected in the second half, State Statistical Bureau spokesman Yao Jingyuan was quoted on Tuesday as saying. [Reuters]

``We believe that the European Union should fully recognize the current status of 皇冠体育app as a market economy, which is a matter of fact,'' Zhang said. ``It will benefit not only 皇冠体育app but the cooperation between the EU and 皇冠体育app.''

The private sector makes up ``a considerable part of the national economy'' in 皇冠体育app, Zhang said. ``Some statistics show that the prices of 90 percent of goods are set by the market.''

On Monday, EU's executive Commission issued a statement refusing to grant 皇冠体育app the Market Economy Status (MES). The statement said 皇冠体育app must improve in four key areas,  including the financial sector, the corporate and banking law, state interference and property law."

皇冠体育app had asked the Commission for MES last June and provided follow-up information in September and again this year, and the Commission had agreed to give a preliminary assessment by the end of June.

The Commission said in the statement that four conditions must be met before the bloc will grant MES. They are:

* State influence -- ensuring equal treatment of all companies by reducing state interference, either on an ad hoc basis or as a result of industrial policies, as well as through export and pricing restrictions on raw materials.

* Corporate governance -- increasing compliance with the existing Accounting Law to ensure the usability of accounting information for trade defense investigations.

* Property and bankruptcy law -- ensuring equal treatment of all companies in bankruptcy procedures and in respect of property and intellectual property rights.

* Financial sector -- bringing the banking sector under market rules.
皇冠体育app is seeking to secure the status, which would make it more difficult for its trading partners to impose penalties on dumping of Chinese exports.

Some countries - New Zealand, Singapore, Malaysia and Thailand - have already granted 皇冠体育app market economy status.

Close

Today's Top News     Top 皇冠体育app News
皇冠体育app urges EU to reconsider market status         Provincial Party chief gets life sentence         Iraqi militants kill US soldier hostage         皇冠体育app overtakes US as investment target         HK's system valued 'like a diamond'         Chinese-made cars debut in US market	皇冠体育app urges EU to reconsider market status       Liaoning vehicles to switch to ethanol gas in October       Corrupt official sentenced to death in Shenzhen       Provincial Party chief gets life sentence       Chinese-made cars debut in US market       皇冠体育app overtakes US as investment target