China has unveiled a new guideline aimed at improving its market access system, a significant move to further promote the development of new quality productive forces and optimize the nation’s business environment.
The guideline, released on Wednesday by the Central Committee of the Communist Party of China and the State Council, outlines measures to provide business entities with wider access to the Chinese market. A key aspect of the guideline is the adoption of a unified negative list for market access by both central and local authorities, ensuring that businesses across the country operate under the same set of rules.
“The implementation of a unified negative list prohibits local levels from drafting additional rules or special negative lists regarding market access,” said Guo Liyan, deputy director of the Economic Research Institute at the National Development and Reform Commission (NDRC). “This uniformity is crucial in stabilizing market expectations and fostering a fair competitive environment for all market players.”
The guideline places a strong emphasis on promoting the development of new quality productive forces, particularly in emerging industries such as deep-sea exploration, aviation, and aerospace. By widening market access in these sectors, China aims to break down existing barriers and stimulate innovation and growth.
“Further opening up market access for emerging industries will help overcome obstacles impeding the development of new productive forces,” noted Wang Chenwei, director of the Macroeconomy Research Office at the NDRC’s Economic System and Management Institute. “This initiative is expected to accelerate technological advancements and enhance China’s competitiveness on the global stage.”
The move is part of China’s broader efforts to deepen economic reforms and create a more open and efficient market system. By providing clear and consistent regulations, the guideline seeks to attract both domestic and foreign investment, support entrepreneurship, and promote sustainable economic growth.
The business community has welcomed the announcement, expressing optimism that the improved market access will lead to new opportunities and foster a more dynamic economic landscape.
Reference(s):
cgtn.com
