In a significant move to bolster its economic landscape, China unveiled new guidelines on Wednesday aimed at enhancing its market access system. This strategy is designed to promote the development of high-quality productive forces and optimize the overall business environment.
Released by the Central Committee of the Communist Party of China and the State Council, the guideline allows business entities broader access to the Chinese market. A key component of the directive is the adoption of a unified negative list by central and local authorities, standardizing the criteria for granting market access to businesses.
Guo Liyan, deputy director of the Economic Research Institute of the National Development and Reform Commission, emphasized that the guideline prohibits local levels from creating additional rules or special negative lists. This measure is expected to stabilize market expectations and provide a more predictable business environment.
Furthermore, the guideline underscores the promotion of new quality productive forces. It encourages the government to expand market access in emerging industries such as deep-sea exploration, aviation, and aerospace. Wang Chenwei, director of the Macroeconomy Research Office at the National Development and Reform Commission's Economic System and Management Institute, noted that widening market access in these sectors will help overcome barriers to the development of high-quality productive forces.
Reference(s):
cgtn.com
