President Xi Jinping reiterated the need for China to develop a “unified national market” at a high-profile economic meeting on Tuesday, a task which has taken on greater urgency as the country prioritises domestic demand amid a more uncertain external landscape.
The commission – a body of the ruling Communist Party which supervises economic matters – also stressed the need to “better integrate domestic and foreign trade, facilitate the transition of export-oriented goods to the domestic market, and foster a group of high-performing firms engaged in both,” according to the readout, cited by state news agency Xinhua.
Authorities will also continue targeted enforcement campaigns to standardise how regulations are implemented for businesses.
The commission is continuing to emphasise the importance of keeping the economy open, said Zhang Zhiwei, president and chief economist at Pinpoint Asset Management.
