Extratcs.



                       Saturday, October 28, 2000, updated at 11:37(GMT+8)


                       Russia, Yugoslavia Issue Joint Statement on Strategic
                       Partnership

                       Russian President Vladimir Putin and his visiting
                       Yugoslav counterpart Vojislav Kostunica on Friday
                       signed a joint statement on establishing a new,
                       all-around partnership between their countries and
                       agreed to maintain regular political dialogue at
                       various levels, including the top leadership.

                       Before signing the document, the presidents discussed
                       bilateral political and economic ties, regional
                       security and international issues of common
                       interests, especially the situation in Yugoslavia and
                       in the whole Balkan region, Russian media reported.

                       The two sides also mulled the problems of Russian gas
                       deliveries to Yugoslavia, Belgrade's gas debts to
                       Moscow and the possibility of paying the debts with
                       commodities.

                       At the meeting, Putin stressed that Yugoslavia is
                       Russia's traditional and main partnership in the
                       Balkans. He praised Kostunica for peacefully solving
                       the crisis over recent Yugoslav presidential
                       elections.

                       Putin stated that Russia will stand together with
                       Yugoslavia forever and respects the Yugoslav people's
                       choice.

                       The two sides will expand mutually beneficial
                       economic and technological cooperation under most
                       favored nation conditions, the joint statement says.

                       Russia will "provide tangible aid to Yugoslavia in
                       rebuilding its economy and overcoming the NATO
                       aggression and the policy of sanctions," it says.

                       The statement emphasizes the importance of the early
                       resumption of Yugoslavia's participation in
                       international cooperation, in particular its
                       full-fledged membership in the international
                       community.

                       "Russia and Yugoslavia regard full normalization and
                       the establishment of neighborly relations between all
                       the countries that emerged from the former Socialist
                       Federal Republic of Yugoslavia as the main factor in
                       stabilizing the situation in the Balkans," it
                       continues.

                       The two countries firmly support full implementation
                       of the UN Security Council resolution No.1244 on
                       Kosovo, aimed at constructing there a democratic
                       multi-ethnic society, the early

                       start of political talks and the signing of an
                       agreement on the status of the Yugoslav province, the
                       statement reads.

                       Kostunica, who was elected Yugoslav president last
                       month and announced a non-pro-West policy earlier
                       this month, reaffirmed after his meeting with Putin
                       that the Federal Republic of Yugoslavia relies "not
                       only on its traditional partners and closest
                       neighbors such as Russian Federation, but also on the
                       West."

                       He said relations with Russia are important to
                       Yugoslavia and Russia's presence in the Balkans is of
                       great significance.

                       Kostunica arrived in Moscow on Friday morning for a
                       working visit, his first trip to Russia after being
                       elected the Yugoslav head of state. On the same day,
                       he also met with Russian Foreign

                       Minister Igor Ivanov.

                       Yugoslavia remains Russia's key and closest partner
                       in the Balkans and Russia intends to build its
                       relations with Yugoslavia on a long-term basis and to
                       promote progress in every field, Ivanov told
                       Kostunica.

                       Yugoslavia's legitimate seat in the United Nations
                       and other international bodies will promote stability
                       in the Balkans and Europe, he noted, vowing that
                       Russia will continue pressing for this.

 ****


                       Saturday, October 28, 2000, updated at 11:30(GMT+8)


                       China's State-Owned Enterprises to Increase
                       Efficiency

                       China's State-owned enterprises (SOEs) are now
                       working under a "code of conduct" which means they
                       must quicken the pace of modernization and improve
                       their management.

                       The code was worked out at a time when the country is
                       already pressing ahead with SOE reforms and preparing
                       for entry into the World Trade Organization (WTO),
                       according to Saturday's China Daily.

                       Sheng Huaren, minister of the State Economic and
                       Trade Commission, was cited by the paper as saying
                       that it was necessary to have a code of conduct which
                       lays down the basics for setting up a modern
                       corporate system in China, and sets out the
                       fundamental requirements for enterprises to
                       strengthen management.

                       Such a code, if implemented to the letter, will
                       propel forward SOE reforms and add to the competence
                       and confidence of State-owned businesses in braving
                       the challenges they face with entry into the WTO.

                       Under the 69-article code, all large and medium-sized
                       SOEs, except State monopolies, will be gradually
                       transformed into limited and stock companies with
                       multiple shareholders.

                       The code, revised and endorsed by State leaders
                       including Premier Zhu Rongji, highlights making and
                       implementing "correct development strategies" for the
                       SOEs, and urges them to set up a rational decision
                       making mechanism, and emphasizes the application of
                       modern information technology such as electronic
                       commerce.


****

Senior CPC Official Meets Myanmese Delegation Li Ruihuan, a Standing
Committee member of the Political Bureau of the Chinese Communist Party
Central Committee, met Thursday with Win Myint, vice-president of the Union
Solidarity and Development Association of Myanmar, and his delegation.

Li, who is also chairman of the National Committee of the Chinese People's
Political Consultative Conference (CPPCC), said China and Myanmar are
friendly neighbors faced with the same task of developing the economy and
improving living standards, and they hold the same or similar views on many
international issues, Li said, stressing that it is in the fundamental
interests of both countries to further advance their friendly cooperation.

Li said China has undergone dramatic changes since its reform and opening
up. There are broad prospects for economic development of Myanmar, which
enjoys abundant forest, mineral and tourist resources.

The development of the two countries is mutually beneficial, Li said,
adding that China sincerely hopes that Myanmar will realize economic
development and national prosperity, allowing a happier life for its
people.

Win Myint, who is also the third secretary of the State Peace and
Development Council of Myanmar, agreed with Li that Myanmar and China are
close in their brotherly relations. Myanmar, as always, will stick to its
policy of developing friendship with China, he affirmed.

He also voiced admiration of China's great achievements in the past over 20
years, expressing the hope that bilateral economic and trade cooperation
would be further reinforced so as to realize a common development.






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