Ever wondered how policy shifts can ignite business booms? In a recent press briefing by the State Council Information Office, officials from the Chinese mainland’s top market regulator shared remarkable strides made during the 14th Five-Year Plan (20212025).
Luo Wen, director of the State Administration for Market Regulation, highlighted efforts to build a unified national market and roll out a national negative list for market access. These moves slashed costs for enterprises, tightened protections around intellectual property and trade secrets, and catalyzed innovation. The result: nearly 20 million net new companies and close to 34 million individual businesses took root during this period.
Standardization isnt just a buzzword. By deploying credit supervision toolslike the enterprise abnormal operation listthe Chinese mainland boosted its enterprise credit index from 128.6 in 2020 to 161.61 by mid-2025. Higher credit scores mean more trust, smoother supply chains, and healthier competition.
Quality development also took center stage. Over five years, 4,271 key research projects tackled around 18,000 quality bottlenecks. Meanwhile, 2,372 one-stop service stations have sprung up nationwide, making compliance and certification smoother than ever. Today, the manufacturing quality competitiveness index stands at 85.86 out of 100, while satisfaction with consumer and public services hovers above 81 points.
Looking forward, Deng Zhiyong, deputy director of the State Administration for Market Regulation, outlined plans to deepen standardization reforms and refine the national standards system. A more unified, coordinated framework promises to reinforce the national market and keep high-quality economic and social growth on track.
Reference(s):
cgtn.com
