21.   The syllabus has also been reworked to include changes in information technology and financial sector reforms.

22.   The United States has been pushing Japan to implement sweeping banking sector reforms to address bad loan problems and reverse a cycle of weakening investor and consumer confidence.

23.   This does not imply, however, that foreign exchange market deregulation and floating the currency should precede real sector reform.

24.   Vigorous implementation of financial and corporate sector reforms is needed to lay the foundation for stronger economic growth over the medium term.

25.   However, he also warned the government that failure to take advantage of low inflation in speeding up state sector reform would ultimately spell disaster.

26.   In addition, the government has drafted insolvency and bankruptcy legislation and is planning financial sector reforms encouraging competition in the banking system.

27.   But the power sector reforms may not prove entirely smooth sailing for officials, the China Daily said.

28.   Chinese newspapers gave prominent coverage Thursday to a warning by President Jiang Zemin that state sector reform was essential for fast economic growth.

29.   It will also facilitate the necessary energy sector reform and thus lay the basis for early closure of Chernobyl.

30.   Senior Chinese leaders underlined Wednesday the importance of state sector reform to the national economy, while warning of the unemployment crisis that would stem from heavy-handed streamlining.