31.   State sector reform is one of the most urgent problems facing China today.

32.   The agenda of the meetings includes a wide range of issues, such as government budget performance, reforms, monetary policy, and banking sector reforms.

33.   The fund welcomed progress in banking sector reform, including the implementexpects the Turkish economy to grow three percent this year and five percent in two subsequent years.

34.   The finance sector reforms and budget cuts were decided at a meeting of economy-related ministers chaired by President Kim Young-Sam.

35.   The most optimistic scenario foresees continued banking and financial sector reform, more extensive trade liberalisation and increased government saving, the study said.