Caixin
Apr 18, 2022 08:31 PM
OPINION

Editorial: Enabling the Establishment of a Unified Domestic Market

Allowing the market to play a decisive role in resource allocation and give better play to the role of the government is key to establishing an effective market and a responsive government. Photo: VCG
Allowing the market to play a decisive role in resource allocation and give better play to the role of the government is key to establishing an effective market and a responsive government. Photo: VCG

China has released another major document regarding the establishment of a unified domestic market. Recently, the Central Committee of the Communist Party of China (CPC) and the State Council issued the Guidelines on Accelerating the Establishment of a Unified Domestic Market. The guidelines require accelerating the establishment of unified domestic market rules, breaking local protectionism and market segmentation, removing major impediments that restrain the economic cycle, promoting the smooth flow of a broader range of goods and resources and expediting the establishment of a unified domestic market that is highly efficient, rules-based, fair and open. The document reiterates the market-oriented reform policy, which will help clear up the surrounding uncertainties. The statement on removing major impediments is highly pertinent to the situation on the ground.

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