aid that in order to complete this major task China would enlist the aid of major overseas suppliers and create manufacturing plants within the nation. AT&T, Motorola, Northern Telecom, Alcatel, Erricsson, NEC, and Siemens are just a handful of the multinational companies, which hold a considerable share of the Chinese telecom market, proving that China is becoming a party to global interdependence.The Chinese pharmaceutical market, much like Chinese industrial markets, is experiencing rapid growth due to reforms in China's economic strategy. The nation's government has decided to lower import tariffs and remove the necessity of an import license to bring pharmaceuticals into the country. Also, patented foreign drugs, such as Tylenol, are now being protected from counterfeiting by administrative action. The pharmaceutical market's growth is another example of the economic progress China has made.In March 1998 meeting of the National People's Congress (NPC) and the elevation of Zhu Rongji to the premiership also marked the beginning of Chinese central government reorganization and downsizing. A decrease in the number of ministries from 41 to 29 was a much-anticipated development at the March Congress, with many of the former industrial ministries becoming bureaus under the State Economic and Trade Commission (SETC). The stated purpose of the reorganization is to separate the business functions of the old Ministries from their continuing regulatory responsibilities.Even after accounting for all the economic benefits recognized by the world, the Chinese still come out as the country with the most gains. However, there are more motives behind China's market reforms than just purely economic. On the political front, China is fast becoming an integral part of international organizations. The Chinese government is making a conscious effort to reenter GATT (the General Agreement on Tariffs and Trade), realizing the importance of creating a favo...
