China Details Steps to Form Unified Market Free of Local Hurdles
1 week ago

China Details Steps to Form Unified Market Free of Local Hurdles

Live Mint  

China is pressing local officials to deliver on plans to build a unified national market, issuing guidelines for improving competition and dismantling barriers to access as Beijing looks to expand domestic demand. “We will push for regions to find their path to integrating in the unified national market,” Wang Shancheng, a senior NDRC official, said at a briefing devoted to the guidelines. The building of a unified national market will “consolidate and strengthen our competition advantages and help create and guide demand with high-quality supply,” he said. “Fully taking advantage of China’s super large market will solidly back our efforts to pool resources, encourage innovation, upgrade industry and promote growth,” Wang said.

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History of this topic

Nation to build unified market
2 months, 3 weeks ago

Nation to build unified market

China Daily  

By Wang Keju | China Daily | Updated: 2024-10-19 07:35 A view of the Huangpu River in Shanghai. China will push ahead with the building of a unified national market as part of the country's efforts to foster a more equitable and well-ordered development environment for market players, the State Council — the nation's Cabinet — said on Friday. The …

Improve standardization to build a unified market
5 months ago

Improve standardization to build a unified market

China Daily  

LI MIN/CHINA DAILY The third plenary session of the 20th Central Committee of the Communist Party of China set clear goals for accelerating the construction of a unified national market. The communique issued by the third plenary session emphasizes the need to improve the national standardization system, deepen local standards' management reform, promote fair competition, boost efforts to curb monopoly …

Improve standardization to build a unified market
5 months ago

Improve standardization to build a unified market

China Daily  

LI MIN/CHINA DAILY The third plenary session of the 20th Central Committee of the Communist Party of China set clear goals for accelerating the construction of a unified national market. The communique issued by the third plenary session emphasizes the need to improve the national standardization system, deepen local standards' management reform, promote fair competition, boost efforts to curb monopoly …

China to improve market access system: Top economic planner
5 months, 1 week ago

China to improve market access system: Top economic planner

China Daily  

Skyscrapers border a lush green landscape in Shenzhen's central business district. BEIJING - China will promote the introduction of guidelines on improving the market access system and publish a new version of the market access negative list in the future, Zhao Chenxin, deputy head of the National Development and Reform Commission told a press conference Thursday. The NDRC will introduce …

Unified market to promote modernization
5 months, 1 week ago

Unified market to promote modernization

China Daily  

JIN DING/CHINA DAILY The resolution of the third plenary session of the 20th Central Committee of the Communist Party of China emphasized the need to build a unified national market and refine the systems underpinning the market economy. A "unified market" here means an integrated domestic market that allows the free flow of goods, services and factors of production across …

China to continue pursuing high-standard opening-up
5 months, 3 weeks ago

China to continue pursuing high-standard opening-up

China Daily  

China will staunchly adhere to international economic and trade rules and steadily expand institutional opening-up, in order to develop new institutions for a higher-standard open economy and translate its vast market into a significant opportunity for the world, a senior official said on Friday. Han Wenxiu, executive deputy director of the office of the Central Committee for Financial and Economic …

Provincial-level regions urged to do more to attract overseas money
5 months, 4 weeks ago

Provincial-level regions urged to do more to attract overseas money

China Daily  

Skyscrapers border a lush green landscape in Shenzhen's central business district. Major provincial-level regions that serve as magnets for foreign investment across China should remain open to innovative ideas and models that stay ahead of the curve and adapt to changing global dynamics and emerging economic trends to better attract foreign capital, officials and experts said. The provincial-level regions need …

China offers high-tech road to success
6 months, 3 weeks ago

China offers high-tech road to success

China Daily  

Vehicles from Chinese brands wait to be exported from a port in Suzhou, Jiangsu province. While China's consumer market remains enormous, international brands now face fierce competition from sophisticated local brands which align closely with Chinese consumers' tastes and demands. China's new era is characterized by high-tech innovation, industrial development and robust industry and supply chains. Given China's complete industry …

China offers high-tech road to success
6 months, 3 weeks ago

China offers high-tech road to success

China Daily  

Vehicles from Chinese brands wait to be exported from a port in Suzhou, Jiangsu province. While China's consumer market remains enormous, international brands now face fierce competition from sophisticated local brands which align closely with Chinese consumers' tastes and demands. China's new era is characterized by high-tech innovation, industrial development and robust industry and supply chains. Given China's complete industry …

Building RCEP region into a big market
7 months, 2 weeks ago

Building RCEP region into a big market

China Daily  

JIN DING/CHINA DAILY In the two years since the Regional Comprehensive Economic Partnership agreement came into effect, a new regional cooperation architecture featuring shared dividends and common development has taken preliminary shape. Building the RCEP trade area into a big and high-level regional market will not only help boost regional and global economic growth but also stabilize the global economy …

Unified market will tap economic potential
8 months, 3 weeks ago

Unified market will tap economic potential

China Daily  

Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. A unified market can also ensure the free flow of goods and resources throughout the production, distribution, circulation and consumption cycles by eliminating closed and segmented small markets and isolated economic loops. The construction of a unified national market is also necessary to establish a new development …

Wider opening-up drives foreign trade and FDI growth
1 year, 10 months ago

Wider opening-up drives foreign trade and FDI growth

China Daily  

A total knee replacement system made by Johnson& Johnson, a multinational company based in the United States, is displayed at the fourth China International Import Expo in Shanghai in 2021. Underpinned by its optimized COVID-19 response and steady economic recovery, experts and businesspeople believe that China will provide increasingly huge development opportunities for companies at home and abroad, especially as …

Nation set to advance high-level opening-up
2 years, 2 months ago

Nation set to advance high-level opening-up

China Daily  

China will release the sixth list of major foreign investment projects and further expand the 2022 industry catalog of sectors encouraging foreign investment as part of its latest efforts to advance high-level opening-up, a senior government official said on Monday. The moves are part of China's broader efforts to further unleash the potential of foreign investment while upholding true multilateralism …

Two cities play crucial role in opening-up
2 years, 5 months ago

Two cities play crucial role in opening-up

China Daily  

Workers construct the Qianhai Integrated Transportation Hub in Shenzhen, Guangdong province, last year. "Reducing tariffs and transaction costs for doing business can help Thai companies, especially smaller ones, increase their opportunities in China, making Chinese consumers more aware of Thailand's strengths as a 'world kitchen'." He also expressed optimism for the Chinese market's prospects, adding that it could grow even …

China vows to open its door wider to world
2 years, 6 months ago

China vows to open its door wider to world

China Daily  

Efforts to propel high-quality growth underpin commitment, experts say China's latest commitment to expanding high-level opening-up is expected to reassure foreign investors of the nation's promise to relentlessly open its door wider and share development dividends with the rest of the world despite the rising tide of protectionism in some countries. In a virtual keynote speech to the opening ceremony …

Explainer: Whys and whats of China's unified domestic market
2 years, 7 months ago

Explainer: Whys and whats of China's unified domestic market

China Daily  

What changes will it bring to enterprises and consumers? The guideline includes plans covering six areas, including market regulation and supervision, the submarkets of factors and resources and goods and services, and measures against unfair competition and market intervention. China will strengthen the unity of basic market institutions in property rights protection, market entry, fair competition and social credit. Efforts …

Explainer: Whys and whats of China's unified domestic market
2 years, 7 months ago

Explainer: Whys and whats of China's unified domestic market

China Daily  

Consumers check out Huawei's latest 5G smartphone models at a store in Chongqing in April. In recent years, notable progress has already been made to achieve a unified market and promote fair competition. Areas to receive attention include removing market segmentation and local protectionism, optimizing the factors and resources markets, and goods and services markets, unifying supervision rules and standards, …

Explainer: Whys and whats of China's unified domestic market
2 years, 7 months ago

Explainer: Whys and whats of China's unified domestic market

China Daily  

People enjoy a bird's-eye view of residential complexes in Fuzhou, Fujian province, in April. Highly efficient, rules-based, fair and open, its super large potential awaits unveiling BEIJING－China has released a guideline to accelerate the establishment of a unified domestic market amid efforts to build a high-standard market system and promote high-quality development. China defines a unified domestic market as highly …

Explainer: Whys and whats of China's unified domestic market
2 years, 8 months ago

Explainer: Whys and whats of China's unified domestic market

China Daily  

People enjoy a bird's-eye view of residential complexes in Fuzhou, Fujian province, in April. Highly efficient, rules-based, fair and open, its super large potential awaits unveiling BEIJING－China has released a guideline to accelerate the establishment of a unified domestic market amid efforts to build a high-standard market system and promote high-quality development. China defines a unified domestic market as highly …

Explainer: Whys and whats of China's unified domestic market
2 years, 8 months ago

Explainer: Whys and whats of China's unified domestic market

China Daily  

What changes will it bring to enterprises and consumers? The guideline includes plans covering six areas, including market regulation and supervision, the submarkets of factors and resources and goods and services, and measures against unfair competition and market intervention. China will strengthen the unity of basic market institutions in property rights protection, market entry, fair competition and social credit. Efforts …

Explainer: Whys and whats of China's unified domestic market
2 years, 8 months ago

Explainer: Whys and whats of China's unified domestic market

China Daily  

Consumers check out Huawei's latest 5G smartphone models at a store in Chongqing in April. In recent years, notable progress has already been made to achieve a unified market and promote fair competition. Areas to receive attention include removing market segmentation and local protectionism, optimizing the factors and resources markets, and goods and services markets, unifying supervision rules and standards, …

Bolder reforms to strengthen nation's market
2 years, 10 months ago

Bolder reforms to strengthen nation's market

China Daily  

Cargos are unloaded from a container ship at the container terminal of the Lianyungang Port in East China's Jiangsu province, on Jan 14, 2021. Execs, analysts, economists expect steps will benefit local and foreign biz China is poised to take bolder steps to accelerate building a strong and highly efficient domestic market, analysts and business executives said. "Strong leadership of …

Experts urge sharper supply chain edge
3 years, 7 months ago

Experts urge sharper supply chain edge

China Daily  

Employees make auto parts at a foreign-funded company in Anshan, Liaoning province. Officials say new steps can help boost SMEs despite production relocations China should enhance its global supply chain advantages, despite some inevitable production relocations, and promulgate new financial measures to strengthen the competitive advantages of small companies, officials and experts said. The nation will improve supply chain finance …

China to invigorate market entities
3 years, 9 months ago

China to invigorate market entities

China Daily  

China will roll out new measures to deepen the reform of government functions, in a bid to further energize market players and boost the momentum of development, the State Council executive meeting chaired by Premier Li Keqiang decided on March 31. Experience gained from last year shows that efforts in this regard played a vital role in keeping China’s economic …

Central, Eastern European countries witness booming trade with China
3 years, 11 months ago

Central, Eastern European countries witness booming trade with China

China Daily  

Aerial photo shows a China-Europe cargo train loaded with containers of electronic products and accessories of household appliances leaving for Russia's Vorsino in Nanjing, east China's Jiangsu Province, Jan. 27, 2021. China's foreign trade with Central and Eastern European countries grow by 8.4% in 2020 exceeding $100 billion, which is faster than the country's annual trade volume with Europe as …

High-standard market system planned
3 years, 11 months ago

High-standard market system planned

China Daily  

China COSCO Shipping's Zhongyuantaicang container ship, with a tonnage exceeding 10,000 tons, docks at the Beibu Gulf Port in Qinzhou, Guangxi Zhuang autonomous region. Proposal intended to stimulate vitality, drive dual-circulation development China unveiled on Sunday an action plan to build a high-standard market system, which industry experts said will greatly stimulate its market vitality and drive the country's dual-circulation …

Nation to help tackle more global tech issues, expert says
3 years, 11 months ago

Nation to help tackle more global tech issues, expert says

China Daily  

Xue Lan Seeking self-reliance in science and technology does not mean that China is decoupling from the world. Over the past four decades, China's scientific capability has seen tremendous progress, thanks to continuous reforms to remove barriers to innovation, integrating into the global innovation system by attracting foreign capital and working with global research institutions, and benefiting from a relatively …

Foreigners encouraged to invest in more industries
4 years ago

Foreigners encouraged to invest in more industries

China Daily  

By HE WEI in Shanghai and OUYANG SHIJIA in Beijing| China Daily| Updated :2021-01-04 China is enlarging the scope of investment by foreigners with a revised catalog of industries in which such investment is encouraged, a fresh sign of opening-up and high-quality development resolve. The National Development and Reform Commission and the Ministry of Commerce on Monday released a revised …

Foreign firms to gain wider market access
5 years, 7 months ago

Foreign firms to gain wider market access

China Daily  

The central business district in Beijing on Sept 7, 2018. With the acceleration of economic globalization, trade in services has increasingly become an important part of international trade and a key area in economic and trade cooperation among countries, Xi noted, adding that it has injected fresh impetus into the global economy. China stands ready to intensify cooperation with various …

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