An article by Xi Jinping, General Secretary of the Communist Party of China Central Committee, outlining strategies to build a unified national market will appear in the 18th issue of Qiushi Journal, the CPC Central Committee's flagship publication, on Tuesday. The piece emphasizes market integration as a cornerstone for China's high-quality development and new economic frameworks.
Xi's article identifies unified market institutions, standardized regulatory enforcement, and synchronized government practices as critical components for fostering domestic economic cohesion. It calls for addressing challenges such as irregular price competition among enterprises and streamlining procurement processes to enhance market efficiency.
Key Challenges and Reforms
The article highlights the need to regulate local investment incentives and strengthen legal frameworks to support cross-regional collaboration. It also advocates for aligning domestic trade practices with international standards to bolster China's global economic integration.
Long-Term Vision
Describing the initiative as a "long and tough task," Xi urges nationwide coordination to overcome regional disparities and bureaucratic hurdles. The article underscores the importance of guiding officials to prioritize systemic economic health over short-term local gains.
Analysts view this push as part of broader efforts to optimize resource allocation and strengthen China's resilience amid evolving global trade dynamics. The unified market concept aligns with goals to boost innovation and sustainable growth across industries.
