China Adopts Measures to Accelerate Building Unified National Market to Boost Economy
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The State Council has adopted measures to accelerate building a unified national market to boost domestic demand and support economic recovery.
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The measures aim to improve systems for market access, IP protection, data, and social credit to facilitate domestic circulation.
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Reforms will be made to fiscal, tax, and statistical policies and more pilot programs rolled out to establish institutions and rules for a unified market.
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Barriers like market segmentation and local protectionism will be removed to eliminate obstacles to developing a unified national market.
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China is creating an open and accessible unified market that provides opportunities for both domestic and foreign businesses.