China's defense industry plans to invite more international co-operation in the development of civilian products in the new year, said a senior official in charge of the industry.
"The Chinese Government will continuously support international exchanges and co-operation in space technology, space applications and space science," said Liu Jibin, minister of the Commission of Science, Technology and Industry for National Defense.
Liu said his commission will actively enhance multilateral co-operation in space technology and applications in the Asia-Pacific region, and promote regional economic growth. He said it also will encourage the use of space technology to monitor environmental calamities.
In addition, China's membership into the World Trade Organization (WTO) will help its enterprises expand co-operation with foreign enterprises, Liu said.
The commission will further unveil preferential measures to attract foreign investment, he said.
"In all, we will elevate our opening up of the strategic industry to a new level," he said.
Liu made the remarks at a news conference during the two-day national work conference of the national defense industry, which began Monday.
"Opening up to the global market will help our industry break out of its deficit," Liu said.
The minister said that lifting the loss-making enterprises out of the red and intensifying the research and development of new weaponry are two key tasks for the industry this year. He did not give more details.
The minister said more than 100 military enterprises that have been in the red for years are expected to go bankrupt this year.
As an integrated part of the national economy, the total output of military industry in 2001 has increased 19 per cent compared to the previous year. The commission has set a growth target of about 10 per cent for this year.
He was elated that some industrial groups, including spaceflight, watercraft and nuclear, began earning profits last year.
The commission started a restructuring of the businesses years ago. And 10 giant groups have been established in nuclear energy, satellite launching and aeroplane and ship manufacturing.
Forty per cent of the other enterprises under the commission, which were set up for national defense purposes and have now been in production for civilian use since the 1980s, have been trapped in deficits largely because of the traditional way management formed under the planned economy.
(China Daily January 8, 2002)
