Commission for Managing State Properties

China plans to set up a state property regulatory and management commission, in an effort to deepen the reform of state properties management.

Wang was explaining a draft plan to restructure government agencies at the annual NPC session. The State Council proposed the reform package to the current NPC session for examination and approval.

Banking Regulatory Commission

China will set up a commission to regulate and supervise its banking industry.

The move is part of a State Council-proposed plan which will cut the number of ministries and commissions to 28 from 29.

State Development and Reform Commission

China will reorganize the State Development Planning Commission, a key department under the State Council in charge of macroeconomic planning, into the State Development and Reform Commission, in an effort to improve its macroeconomic control system.

Ministry of Commerce

The State Council, or China's cabinet, will set up a new agency, the Ministry of Commerce, to promote reform of the circulation system.

Government Reform Stresses Food and Production Safety

Wang Zhongyu said that a state food and drug administration will be established on the basis of the State Drug Administration in a bid to reinforce supervision over the safety of food, health products and cosmetics, while the State Administration of Work Safety will be upgraded to strengthen supervision over production and coal mining safety.

Remove Two Government Agencies

China will remove the State Economic and Trade Commission and the Ministry of Foreign Trade and Economic Cooperation.

The functions of the two agencies will be exercised by the proposed Ministry of Commerce.

Rename State Family Planning Commission

China's State Family Planning Commission will be changed to the State Population and Family Planning Commission, in an effort to beef up research of the population development strategy.

(China.org.cn March 6, 2003)