2005-10-25

The Chinese economy has been growing at an average rate of more than 9 percent over the past decade. However, economic efficiency is still said to be very low. How can China improve its economic structure and enhance efficiency to achieve sustainable development?

U.S. finance officials have shifted their stance from directly urging China to re-value its currency , to instead pressing for a speedup in China's financial reforms. What's the rationale behind such a change?

Hello and welcome to Biz China. I'm Tu Yun in Beijing. Later in the show, in our continuing Zhong Guancun series, we'll meet researchers and managers of science and technology parks from around the world. They're going to share their opinions with us on the development of sci-tech parks. But first, let's turn to Paul James for a summary of last week's major stories.

PJ: The Chinese economy grew a robust 9.4 percent in the first nine months of the year, just a shade slower than the same period last year.

Preliminary estimates show that China's gross domestic product totaled over 10 and half trillion yuan, or 1.3 trillion US dollars over the period.

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