context: Local protectionism, regionalism, and unnecessary repeated construction are chronic problems embedded in China’s economy. Zhou Li’an 周黎安 Peking University’s Guanghua School of Management professor maintains these problems result from the political tournament system and can be overcome by domestic market integration and market globalisation. This document aims to implement this solution and push forward governance modernisation, including law-based governance, predictable market, factor marketisation, and ‘delegated control and service’ reforms.

CCP Central Committee and State Council jointly issued ‘Opinions on further improving the unified national market’ on 10 April, specifying

  • principles and goals
    • taking down regionalism and market barriers
    • promoting diverse economic factors
    • enhancing certainty and ensuring a transparent business environment
      • law-based business environment
      • building up markets according to local advantages
    • further reducing trade costs
      • market aggregation and cluster effects
      • anti-monopoly and anti-unfair competition
      • reducing institutional costs
    • promoting innovation and industrial updates
    • enhancing international competition capability
    • building a unified national market with high efficiency, fair market competition and full openness
  • unifying basic systems and rules on
    • property protection
    • market entry
    • competition
    • social credit
  • updating market infrastructure in
    • logistics
    • digitisation
    • information sharing and platforms
    • trade platforms
  • unified resources market
    • land and labour
    • capital
    • data
    • energy
    • environment
  • unified commodity and service market, improving
    • commodity quality standard unification
    • metering system
    • service quality
  • unified market regulation, law enforcement and supervision
  • enhancing fair competition
    • unified market entry and exit rules
    • clearing out activities in bidding and purchasing that limit or exclude other competitors