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The Sustainable Development and Public Bus Priority Strategy for China’s Urban Public Transport

In order to implement the consensus reached by the heads of state of China, Japan and Republic of Korea (ROK) at the Manila “10+3” conference held in November 1999, the Development Research Center, authorized by the State Council, conducted joint research on the economic cooperation among the three countries along with the National Institute for Research Advancement (NIRA) of Japan and Korean Institute for International Economic Policy (KIEP).

In recent years, along with the expansion of the role of private enterprises in local economic development, local governments are giving more and more attention to the protection of the legitimate rights and interests of private enterprises.

The Interim Measures for the Control of the Financing of Social Security Fund through the Reduction of Shares Held by the State (hereinafter referred to as Measures for the Reduction of the Holding of Shares) were formally promulgated on June 12, 2001.

Since 2001, the development of China’s consumer goods market has been on a steady growing trend, and growing consumer demand has become an important base for the steady and fast development of the national economy. In 2002, the consumer goods market will continue to maintain the steady and growing development trend.

General stability with slight growth was the overall feature of China’s rural economy in 2001. During the year, the environment for the rural economy was improved to certain extent.

Basic Features of the Economic Situation in 2001

In the year 2001, all three leading developed economies in the world, the United States, the Eurozone and Japan, experienced recession or severe downturn. At the same time, the economic growth of the developing countries and the countries in economic transition, with the exception of those in Africa, was all affected in varying degrees.