China Accelerates Development of Unified National Market

China’s top economic planner, the National Development and Reform Commission (NDRC), unveiled guidelines on advancing the construction of a unified national market at a press conference on Tuesday. The guidelines include implementing a unified market access system and safeguarding fair competition.

This initiative is part of the efforts to implement key tasks outlined at the Central Economic Work Conference held in December 2024.

Other key measures highlighted by the NDRC include establishing a standardized labor market system, setting up a national unified social security public service platform, and removing restrictions on social security registration based on residency.

Li Weizheng, deputy director of the Department of Market System Construction of the Ministry of Commerce, emphasized ongoing efforts to reduce barriers to foreign investment. “The nationwide negative list for foreign investment has been trimmed to just 29 measures,” said Li, marking significant progress in market accessibility.

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