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Premier Urges Better Supervision of State Asset Management
Chinese Premier Zhu Rongji has urged the country's state-owned enterprise supervision system be further improved as well as the state asset supervision and management system.

While presenting a forum held Thursday by the State Economic and Trade Commission, Zhu said broader reforms in recent years of major state-owned enterprises and major financial institutions had made those enterprises and institutions more competitive.

Facts had borne out that setting up a state asset monitoring body in a state-owned enterprise was a very important measure for intensifying the supervision of state-owned enterprises and guaranteeing the state asset was not run down but achieved added value, Zhu said.

Vice-premiers Li Lanqing, Wu Bangguo and Wen Jiabao as well as State Councilor Wu Yi, were all present at the forum.

(Xinhua News Agency February 28, 2003)

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