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At present, China already has a huge number of various financial holding groups, which take various forms many of which attempt to avoid supervision.

In the mid- and late-1990s, the shortage economy generally ended and a buyer’s market started to emerge in areas where the government did not impose entry bans.

Since China started reform and opening-up, the country has witnessed a rapid development in urbanization. The number of cities has risen from 193 in 1978 to 664 in 2001.

Since 1983 when the National Key Technologies R & D Programme was started, “to support research on common technologies” has become one of the aims of policies on science and technology and industry.

China has a top-ranking biotechnology research force and Beijing, Shanghai, Tianjin, Changchun and Shenzhen, etc. are important areas rich in relevant human resources.

The findings show a constant rise of the grassroots financial input in educational fund for most years since 1990s.

The integration of the textile and clothing trade with GATT creates good opportunities for China’s textile and clothing industry to release its huge production capacity and export potential.