Enhanced trade: An employee is seen working on the production line of a factory in Guangdong province. China says building a unified domestic market will attract global resources to its shores. — Reuters
That is the consensus among experts after China released a guideline in April on accelerating the establishment of a unified domestic market that is efficient, rules-based and open and encourages fair competition. According to Peng, optimising the domestic market can help Chinese companies better compete in the global arena.
By getting through the blockades of domestic production and ensuring the smooth flow of goods, capital and information, there will be an increasing supply, which will greatly ease the pressure in the world’s industrial chain and supply chain, Peng said.