On April 10, the 'Opinions on Accelerating the Construction of a Unified National Market' was officially released, proposing that China will build a unified national market through foundational institutional construction and market facility development. So, what is a unified national market? What is the significant importance of building such a market?
What is a unified national market?
A unified national market refers to the establishment of unified basic institutional rules across the country, high-standard connectivity of market facilities, high-level unification of factor and resource markets as well as goods and service markets, while ensuring fair and unified market regulation, and further standardizing improper market competition and intervention behaviors.
Director of the Comprehensive Situation Research Office of the Chinese Academy of Macroeconomic Research, Guo Liyan:The key to fully consolidating the results of a smooth domestic economic system cycle is the construction of a unified national market. It helps further stimulate and cultivate the potential of the domestic market, providing strong support to withstand external uncertainties with our own maximum stability.
There are two major highlights in building a unified national market:
Experts stated that the proposal to build a unified national market has two main highlights. The first highlight is adhering to breaking and establishing simultaneously: one hand focuses on 'establishment,' clarifying the goals and tasks of rule-setting; the other hand focuses on 'breaking,' eliminating market monopolies and unfair competition practices that violate unified market principles.
The second highlight is adhering to the principle of people first, quality prioritized. Clear regulations have been made from improving the commodity quality system to comprehensively enhancing consumer service quality...