In the year 2001, all three leading developed economies in the world, the United States, the Eurozone and Japan, experienced recession or severe downturn. At the same time, the economic growth of the developing countries and the countries in economic transition, with the exception of those in Africa, was all affected in varying degrees.

Viewing from the general trend of world energy development and the requirement for comprehensively deepening reforms in China, current energy system couldn’t meet the demand of energy revolution, and neither could it satisfy the need for developing China’s socialist marketing economy.

Against the background of China’s entry into the important Tenth Five-Year-Plan period and the WTO, its poor social credit system and a general credit disequilibrium have become major obstacles to the sustainable and healthy economic development and the improvement in the socialist market economic system.

The Chinese entrepreneurs survey 2001 was organized by the Chinese Entrepreneurs Survey System under the Development Research Center of the State Council.

New Characteristics of Financing Difficulty of Privately-owned Enterprises

In the first half of this year, the State Council decided to reduce business tax rate for financial enterprises from 8% to 5%, with one percentage point decrease each year through a three-year period.

Analysis and Prospect of the Foreign Trade Situation in China