April 14, 2022Posted by China BriefingWritten by Arendse HuldReading Time: 10 minutes
A new set of opinions from the central government describe how China will build a “national unified market” across a wide range of sectors and fields. The national unified market will seek to break down local protectionism and market segmentation by implementing standards and regulations that are applicable countrywide and integrating infrastructure across regions to increase market efficiency, promote fair competition, and ultimately boost domestic consumption and production. The national unified market is a key implementation of China’s “dual circulation” strategy and will likely act as a catalyst for further nationwide industry standards and market regulations in the coming years.
On April 10, 2022, the Central Committee of the Communist Party of China (CCCPC) and the State Council jointly released the Opinions on Accelerating the Construction of the National Unified Market (the “opinions”). This document outlines the creation of a “national unified market” to improve standardization and consistency in the implementation of regulations across a wide range of industries in China.






