Caixin
Apr 11, 2022 09:13 PM
ECONOMY

China Puts Local Protectionism on Notice in Dual Circulation Drive

The first cross-border e-commerce package is sent out from the Sanya bonded logistics center, South China’s Hainan province, on Feb. 25. Photo: VCG
The first cross-border e-commerce package is sent out from the Sanya bonded logistics center, South China’s Hainan province, on Feb. 25. Photo: VCG

China’s government has taken another step forward in implementing President Xi Jinping’s dual circulation economic strategy, releasing a policy document aimed at breaking down local protectionism and dismantling other hurdles that prevent domestic markets from working efficiently.

The opinions on accelerating building a unified national market were jointly put out by the Central Committee of the Communist Party of China and the State Council on Sunday. The document covers a range of issues — antimonopoly, market access and regulation, and protection of property rights — that also dovetail with the long-term strategy of allowing markets to play a greater role in the allocation of resources.

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