Environment And Tasks In 1997——Abstract from the report given by Zhang Xiaoyu at the 4th session ofthe 3rd councilmeeting of CAAM held during 21 to 22, 1997 in Beijing.

Ⅰ. The Environment For The Development Of China’s Auto Industry In 1997 1. Macro-economic environment As the second year of 9th Five-Year Plan, 1997 will be a very important year in China’s history. For promoting the two basic changements, the moderately restricted fiscal & monetary policies will continue for reducing the inflation with some flexible tactics to be used,