China Prepares for National Day Celebrations Amid Economic Forum Discussion

Strategic Insights -

As China prepares for its 50th anniversary National Day celebrations, major newspapers are highlighting the country's growing economic influence, particularly with the opening of the Fortune Global Forum in Shanghai. The forum, which will continue until September 29, features discussions on China's current economy and future development. President Jiang Zemin has been meeting with international business leaders and dignitaries, including Lee Kuan Yew of Singapore and Gerald Levin of Time Warner Inc.

Key Takeaways:

  • The Fortune Global Forum in Shanghai, which opened on September 27, will feature discussions on China's current economy and future development.
  • More than 800 businessmen, including those from near 60 of the Forum Global 500, have signed up to attend the forum.
  • Chinese President Jiang Zemin has met with Lee Kuan Yew of Singapore and Gerald Levin of Time Warner Inc. to discuss business and economic cooperation.
  • The National Day celebration preparations in Beijing are in place, with all necessary work completed, according to Long Xinmin, executive deputy director of the Publicity Division of Beijing's Preparatory Committee.
  • Chinese scholars and economists predict a promising future for China's economic development at the Fortune Global Forum.
  • The textile and shoe-making industries in China are expected to see significant growth, with opportunities for foreign investment.
  • The Chinese government is focusing on developing the services sector, with a target of 4% annual growth rate until 2000.

Statistics:

  • Over 800 businessmen are attending the Fortune Global Forum in Shanghai.
  • More than 60 members of the Forum Global 500 are participating in the forum.
  • 4% annual growth rate is targeted for the services sector until 2000.
  • The textile and shoe-making industries in China are expected to see significant growth.
  • The 50th anniversary National Day celebrations are a significant milestone for China and will be marked with parades and festivities across the country.

Sources:

  • People's Daily
  • Xinhua Daily Telegraph
  • China Daily
  • COMTEX (http://www.comtexnews.com)