In a significant move to bolster economic growth and attract diverse business entities, China is set to introduce new guidelines aimed at improving the market access system. Zhao Chenxin, deputy head of the National Development and Reform Commission (NDRC), announced at a press conference on Thursday that the country will publish a new version of the market access negative list in the near future.
“We will introduce a batch of special measures to relax market access,” Zhao revealed, emphasizing the government’s commitment to exploring further relaxation of market entry nationwide. “This will provide a broader development space for various business entities,” he added, highlighting the potential for increased opportunities for both domestic and foreign investors.
The NDRC also plans to formulate guidelines for the construction of a unified national market. These guidelines are expected to intensify efforts to dismantle barriers such as local protectionism and market segmentation, which have historically hindered the seamless flow of goods and services across different regions of the country.
“Through these measures, we will continuously stimulate the intrinsic momentum and innovative vitality of the entire society,” Zhao stated. He underscored the intention to “inject a steady stream of momentum” into the advancement of modernization with Chinese characteristics, signaling a strategic approach to sustainable economic development.
Zhao expressed confidence in China’s economic prospects, asserting that the country possesses the necessary conditions, capabilities, confidence, and determination to effectively achieve its growth targets for the year. This optimistic outlook aligns with China’s ongoing efforts to enhance its economic framework and create a more open, competitive, and equitable market environment.
Reference(s):
cgtn.com
