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A view of the riverfront area, the Bund, in Shanghai, China, October 25, 2022. /CFP
China's plans to further deepen reforms and improve the various measures in establishing a unified domestic market are timely and help the country better deal with challenges, according to experts.
On Friday, China's State Council discussed the country's overall plan and recent arrangements for establishing a unified domestic market in an executive meeting chaired by Premier Li Qiang.
The cabinet called for the country's implementation of special rectifications on outstanding problems related to local protection and market segmentation in key fields.
The meeting also highlighted the importance of greater efforts on deepening reform, with the State Council urging for the further optimization of the protection of property rights, market access, fair competition, social credit and other basic systems of the market economy.
Commenting on the current state of China's markets, political economist David Mahon said that China has already managed to achieve a strong national unified market with unified policies across the country. He told CGTN that it is appropriate to now deepen those policies and make them more consistent with China's development.
Meanwhile, Liu Zhiqin, a senior research fellow at the Chongyang Institute for Financial Studies of Renmin University of China, said that the country's proposed reforms enable China to better mobilize its resources and take unified actions to deal with challenges in the market.
(With input from Xinhua)
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466