Unified market will tap economic potential

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 pattern, facilitate the efficient and free flow of goods and resources, leverage the vast economic landscape to unlock domestic market potential, and inject new vitality into high-quality economic development. Therefore, it is necessary to build an efficient and standardized unified national market to strengthen unified market institutional rules, better protect property rights, increase market access, promote fair competition and develop an efficient social credit system. In addition, by expanding institutionally open systems with efficient rules, regulations and management, China can build a high-standard global free trade zone network, which in turn will generate new foreign trade dynamics, boost foreign trade and investment, strengthen mutually beneficial industry and supply chains, and create broader development opportunities for domestic and international businesses.