home
***
CD-ROM
|
disk
|
FTP
|
other
***
search
/
CNN Newsroom: Global View
/
CNN Newsroom: Global View.iso
/
txt
/
jpr
/
jpr0892.003
< prev
next >
Wrap
Text File
|
1994-05-02
|
2KB
|
58 lines
<text>
<title>
Beijing Encourages Opening Of New Markets
</title>
<article>
<hdr>
Joint Publications Research Service, August 24, 1992
China: Beijing Encourages Opening of New Markets
</hdr>
<body>
<p>[Beijing Xinhua in English 0153 GMT 18 Aug 92.]
</p>
<p> The number of markets in Beijing continues to grow with the
opening of new building materials, interior decorating, timber,
flowers and birds, consumer goods, fur and leather, and lamp
markets.
</p>
<p> Until only a decade ago, commerce and services trades were
looked down upon in Beijing, the political and cultural center
of China since the Yuan Dynasty (1271-1368), and throughout
China as the feudalist tradition has belittled merchants for
centuries.
</p>
<p> Along with economic development, the demand for new markets
has expanded rapidly while space in the downtown areas remains
limited. As a result, a number of enterprises and firms have
opened sidewalk stalls in the early morning and evening.
</p>
<p> Since the beginning of the year, Beijing has readjusted its
manufacturing sector and enterprises exhibiting poor performance
have been instructed to become a part of the tertiary industry.
</p>
<p> Thus far, the measure has proven beneficial. For example, the
Beijing No. 2 Glass Factory has moved its equipment to the
suburbs and opened a glass market in two city buildings. In
addition, the Beijing Leather Shoes Factory has rented 600
booths in its courtyard, while the Beijing No. 2 Watch Factory
has been converted into a shopping center. As a result, these
enterprises, which have been loss-making enterprises for a
number of years, have earned considerable profits.
</p>
<p> Beijing currently has 40 markets.
</p>
<p> Gao Zuozhi, director of the municipal economic commission,
said that downtown industrial facilities should be moved outside
the city in order to gradually meet the needs of commerce and
service trades. And, the commission plans to transfer 50 percent
of the workers in the manufacturing industry to the tertiary
industry.
</p>
<p> The municipal government has drafted 30 preferential policies
to promote shifts from the manufacturing industry to the
tertiary sector.
</p>
</body>
</article>
</text>