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  3. Legislation makes big progress in 20 years CHINA has made great achievements over the past two decades in its legal construc

Legislation makes big progress in 20 years CHINA has made great achievements over the past two decades in its legal construc

admin2009-06-24  67
问题                             Legislation makes big progress in 20 years
    CHINA has made great achievements over the past two decades in its legal construction, said a recent article in China Daily.
    In line with a market economy, many laws and regulations in the country have been established or revised.
    Reform of state-owned enterprises is the key to China’s economic reform drive. Its goal is to make firms responsible for their own gains and losses in the market place.
    In 1988, a new law gave a legal basis for the State enterprises’ independent management.
    66.______
    The newly issued Company Law is important in protecting the interests of both companies and shareholders. The law clearly defines the organization and operation of companies and thus guarantees order for the country’s overall economic situation.
    China witnessed a great development in township enterprises in the past 20 years. To support and guide the development of township firms, and to boost economic development in rural areas, a law on these township enterprises was formulated.
    Establishment of a modern corporate system, which is at the core of a market economy, has been promoted by the country’s progress in legislation.
    To set up a healthy macro-economic control system, promoting a balanced allocation of resources, is an important aspect of economic reform.
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    The division of central and local taxes represents a significant step forward in reforming the country’s fiscal mechanisms.
    Backup laws and regulations have been mapped out on supervising tax collection.
    The Budget Law has helped strengthen government administration and macro-economic control measures to guarantee sound economic development.
    In the financial sector, the People’s Bank of China has been identified through legislation as the central bank of the country. At the same time, policy banks and commercial banks have also been established.
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    The world’s most populous country, China has more than 80 percent of its population in rural areas. The country’s further development largely depends on development of those regions.
    A law on agricultural development has been launched to guarantee the basic role of agriculture and the interests of rural businesses and residents.
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    Laws regarding forests, water, water conservancy and flood prevention have played an important role in the country’s agricultural development.
    Environmental protection is now one of the country’s basic policies. To protect natural resources and maintain sustainable development, relevant laws and regulations have been promulgated.
    Promoting the market economy and guaranteeing fair competition, the Ethical Competition Law has also been enacted.
    At the same time, laws on product quality, consumer protection and advertising have helped maintain market order and healthy economic development.
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    To guarantee the smooth development of infrastructure, laws regulating post and telecommunications, electricity, railways and highways have been inaugurated.
    Science and technology are essential to the country’s overall progress.
    To promote progress in these fields, the country has set up laws on science and technology development, technological contract and utilization of science and technology in production.
    In line with the opening-up policy, laws and regulations on foreign-funded firms and Sino-foreign joint ventures have been launched, which are introducing foreign investment into the country.

A. Different from last year, the government needs to collect more money to support the judiciary and security departments, because these departments have recently turned over their affiliated enterprises to the government.
B. By relevant laws and regulations, agriculture’s fundamental role in the national economy has been confirmed.
C. To accelerate the reform, the National People’s Congress has passed a series of laws on such issues as pricing, auditing, accounting statistics and metrology.
D. A law to promote agro-technologies has greatly developed the application of science and technology in agriculture.
E. Relevant regulations on the transitional period of State firm reform had also been established.
F. Also, special laws and regulations have been drafted on the transfer and assignment of State owned land resources.

选项
答案F
解析
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