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1994-05-02
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<text>
<title>
Yunnan Promotes Local Foreign Trade
</title>
<article>
<hdr>
Joint Publications Research Service, August 24, 1992
China: Yunnan Promotes Local Foreign Trade
</hdr>
<body>
<p>By Hai Zhen: "Yunnan Province Promotes Foreign Trade in Line
With Local Conditions by Accelerating Changes in Its Operational
Mechanism" [Beijing Guoji Shangbao in Chinese, 4 Jul 92 p 2.]
</p>
<p> Since the beginning of this year, Yunnan Province has
quickened its pace in changing its operational mechanism, and
adopted a series of measures suited to local conditions to
promote economic development in the province. During the first
quarter of 1992, the value of its exports totalled $106.8
million, an increase of 387 [as published] over the same period
in 1991.
</p>
<p> The major measures adopted this year by Yunnan Province are
as follows:
</p>
<p>-- Rely on governments at all levels to bring into full play
their enthusiasm in the promotion of foreign trade. From 1
January this year, the department of economic affairs and trade
delegated the power of determining labor wages and doing
financial accounting work to various cities, prefectures,
autonomous prefectures and counties; and relied on the local
governments and their work enthusiasm to promote foreign trade
even more flexibly. With the coordination of the central
government, it can solve its trade problems even more easily.
In developing trade, it has firmly carried out the practice of
"five integrations," that is integrating border trade with
general trade, import with export trade, domestic with foreign
trade, industry with trade, and technology transfer with trade.
</p>
<p>-- Make full use of Yunnan's geographical location and features
to energetically expand border trade. Yunnan borders on Burma,
Laos and Vietnam. With its fairly long border line, it is
convenient for Yunnan to develop trade relations with these
countries. The foreign trade department in Yunnan has flexibly
adopted various forms in carrying out border trading activities.
In addition, the administrative work in handling economic
affairs and trade has been delegated to various relevant local
governments that have been permitted to participate in various
activities in this connection and play their role in
coordinating with all the departments concerned. All this has
raised work efficiency. As a result, the trade volume has
greatly expanded. During the first quarter of 1992, Yunnan
exported $12.82 million of goods to Burma, an increase of 38
percent over the same period in 1991. Exports to Vietnam and
Laos also increased.
</p>
<p>-- Delegate the power of examination and approval of projects
in the use of foreign investment so as to put such investment
into use even more promptly. Kunming City, capital of Yunnan,
is permitted to examine and approve any foreign investment
project under $5 million; a prefecture, city, autonomous
prefecture or county is authorized to approve a similar project
under $3 million; and any of the five state-assigned ports
including Hekou, Ruili, Mengla and Wanding is allowed to approve
a similar project under $2 million.
</p>
<p>-- Encourage enterprises to run factories abroad or set up
factories on each other's territories. The provincial government
decided that specialized companies authorized to do export and
import businesses may run factories abroad or set up factories
on each other's territories according to their own needs to
provide their exports with enough logistic supplies. For
example, one company which is now growing cotton in Burma has
been shipping cotton back to Yunnan for processing into export
products. Another company has opened up a cement factory in
Burma and shipped back the cement produced for export purpose.
</p>
<p>-- Reduce the number of middleman in purchasing foreign trade
products to lower the cost of exports. To reduce the number of
middleman and pare down expenditures, a company engaged in
foreign trade may directly purchase export goods from any
factory or enterprise. According to statistics, companies
engaged in foreign trade have procured two-thirds of their
exports directly from factories and enterprises.
</p>
</body>
</article>
</text>