China's Cyclical Economy Development Forum came to a close yesterday in Shanghai. Attendees marked its end by approving the Shanghai Declaration, which urges people's congresses and governments at all levels to strengthen management of the "cyclical economy".
Cyclical economics is a development model that aims to produce economic growth whilst better protecting the environment through more cyclical, sustainable use of resources.
The declaration also says that evaluation of cyclical economic activities will be linked with assessment of government measures.
It calls on local governments to launch extensive cooperation with businesses and academia to work out targets to promote sustainable growth.
More than 200 participants from the National People's Congress, government departments, research institutions and enterprises attended the forum, which opened Saturday.
(CRI.com November 8, 2004)
