European Chamber lauds openness in preparation of Five Year Plan
January 31, 2011 Category Macro-economy, Weekly
The European Union Chamber of Commerce in China (EUCCC) said the National Development and Reform Commission (NDRC) solicited input from foreign-invested companies last year as it formulated the country’s 12th Five Year Plan, which will guide the nation’s development until 2015. “Such consultation is a sign of the Chinese government’s commitment to increasing transparency,” the Chamber, which has 1,600 member companies, said. It had submitted “a single, comprehensive document” which included comments and information provided by individual European companies to the NDRC. “This is the very first time that the process has become so open,” Chamber President Jacques de Boisseson said.
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