Connect with us

News

China moves faster to build unified national market

Published

on

By Song Yiran, People’s Daily

To break local protection and facilitate the smooth flow of economic circulation, China on April 10th issued guidelines on building a unified national market at a faster pace.

The guidelines will help promote the smooth flow of goods, factors, and resources on a wider scale for the purpose of building a unified national market that is highly efficient, rules-based, fair and open.

China is the second largest consumer market in the world. However, the large consumer market isn’t equal to a truly large-scale market. The new regulation eyes a comprehensive push for the country’s market to shift from being big toward becoming powerful.

The lack of unified system and rules, impeded flow of factors and resources, market segmentation, as well as other prominent problems, have hindered the realization of functions of its market.

In an effort to address these problems, the guidelines clarified the major tasks for building a unified national market, including promoting efficient circulation and expansion of the domestic market, fostering a stable, fair, transparent and predictable business environment, further reducing market transaction costs, boosting scientific and technological innovation and industrial upgrading, and cultivating a key competitive edge in international competition and cooperation.

A unified national market is by no means a large market of egalitarianism. Each region in China has its own resource endowments and different comparative advantages in goods and factors.

By building a unified national market, China will remove obstacles that hinder the flow of factors, give full play to the comparative advantages of various regions, and ensure efficient performance of capital, resources, commodities, services, data, and other market factors.

Besides, the country will be able to achieve optimal resource allocation, maximize the benefits of the entire economy and society while helping each region make the most of the market.

The document clearly charted the basic routes for advancing the construction of a unified national market.

China will further unify the basic systems and rules, including those for property rights protection, market access, fair competition and social credit, said the guideline. It will strictly implement the “one negative list for the whole country” management model, treat all market entities equally, and form a full-coverage credit information network, according to the document.

To build a unified national market, the country needs to stimulate the flow of factors and resources so as to vitalize the economy.

Based on previous pilot reforms, the guidelines stressed building unified markets in factors and resources including land, labor, capital, technology, data, energy, and ecological environment.

The faster flow of factors and resources is expected to generate a multiplier effect and give new impetus to economic development.

In a bid to advance the construction of a unified national market, China should provide higher-quality products and services by constantly improving relevant standards.

Laying high emphasis on the role of goods quality and standard systems in market construction, the guidelines proposed systematic institutional designs in this respect. The country will carry out a campaign for upgrading goods quality management system, which is expected to effectively enhance quality management throughout the whole industrial chain.

The document said that the country will align the quality standards of major consumer goods in key areas with international standards, and ensure that products sold domestically are produced on the same production lines, meet the same standards, and are of the same quality as exported ones, thus effectively facilitating the connection between domestic and international circulation.

As regards the construction of the standard and measurement system, the guidelines proposed integrating and simplifying national and industry standards, and pointed the way forward for the construction of standards in emerging fields.

China needs to supervise the market in a more scientific way in order to ensure the latter working in a stable and predictable way. The guidelines stressed the necessity to standardize the market supervision, regulate law enforcement behavior, unify law enforcement standards and procedures, and reduce discretionary power, which is expected to effectively improve the efficiency of supervision and promote fair and just law enforcement.

In order to guarantee sound development of new business forms and models, the country needs to lay emphasis on both regulating supervision and promoting development and close the loopholes in relevant laws and standards in time while promoting online and offline integrated supervision, said the document.

By accelerating the construction of a unified national market, creating more market demands, releasing greater consumption potential, expanding circulation space and forming a more transparent business environment, the country will stabilize market expectations, promote sustainable and healthy economic development, and make its economy more vibrant and dynamic.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Senator Monguno Delivers Monguno LGA for President Tinubu

Published

on

By

Senator Mohammed Tahir Monguno, Chief Whip of the Senate and distinguished representative of Borno North Senatorial District, has once again proven his political dexterity and grassroots command by delivering Monguno Local Government Area overwhelmingly for President Bola Ahmed Tinubu during the All Progressives Congress (APC) Presidential Primaries.

The primaries, conducted in a peaceful and transparent atmosphere, drew massive participation from party faithful, stakeholders, youth groups, and women across Monguno LGA. The exercise was marked by unity, discipline, and enthusiasm, as members reaffirmed their loyalty to the APC and their unwavering commitment to the Renewed Hope Agenda championed by President Tinubu.

Senator Monguno, addressing the gathering, commended the people for their steadfastness and collective spirit. He emphasized that the success of the primaries was not merely a reflection of his leadership but a testament to the enduring bond between the APC and the people of Borno North. “Our strength lies in our unity, our discipline, and our loyalty to the ideals of progress and development. Together, we will continue to sustain the dominance of our great party,” he declared.

Observers noted that the outcome of the primaries further cements Senator Monguno’s reputation as a formidable political figure in Borno State. His ability to mobilize diverse groups – from traditional leaders and community stakeholders to youth and women organizations – underscores his deep connection with the grassroots and his commitment to inclusive leadership.

The primaries also highlighted the growing confidence of the people in President Tinubu’s administration. Many participants expressed optimism that the Renewed Hope Agenda would bring lasting development, security, and prosperity to the region. The atmosphere was charged with chants of solidarity and renewed determination to ensure the continued success of the APC at both state and national levels.

Political analysts have described Monguno’s achievement as a strategic boost for the APC in Borno State, reinforcing the party’s dominance and strengthening its prospects for future contests. The senator’s role in coordinating the primaries has been widely praised as an example of effective leadership and organizational skill.

As the APC consolidates its position across Nigeria, the Monguno LGA primaries stand as a clear demonstration of the party’s resilience and the people’s trust in its vision. Senator Monguno’s influence, coupled with the collective will of Borno North, has once again positioned the district as a stronghold of support for President Tinubu and the APC.

With this successful outing, Borno North remains united, resolute, and firmly committed to advancing the progress of the party and the nation under the leadership of President Bola Ahmed Tinubu.

Continue Reading

News

KUMO CONGRATULATES TINUBU ON PRIMARY VICTORY: “NIGERIA HAS FOUND IN YOU A LEADER WORTHY OF HER TRUST “

Published

on

By

Hon. Hamma-Adama Ali Kumo, popularly known as “Dattuwa”, Deputy National Financial Secretary of the All Progressives Congress (APC) and Chairman of the Governing Board of the Industrial Training Fund (ITF), has congratulated President Bola Ahmed Tinubu on his landslide victory at the 2026 APC Presidential Primary Election.
In a warm and heartfelt message, Kumo described the President’s victory as a clear and resounding endorsement by millions of ordinary Nigerians who have seen, felt, and believed in his leadership.
“Mr. President, today the people have spoken. From the North to the South, from state to state and ward to ward, APC members came out in their millions to say — we are with you. This victory belongs to every Nigerian who believes in a better tomorrow,” Kumo said.
He praised President Tinubu for the courage and humility he demonstrated by subjecting himself to the democratic process — choosing to stand and be elected rather than using the power of incumbency to sidestep the people’s verdict.
“You are a President who could have taken the easy road. Instead, you opened the door to all, welcomed a challenger, and stood before the Nigerian people to be judged. That is the mark of a true democrat, and we are proud of you,” he said.
Kumo also celebrated the Electoral Act 2026 — signed by the President — which abolished the delegate system and empowered grassroots party members across all 8,809 wards to vote directly for their preferred candidate. He described it as one of the most important gifts any President has given to Nigerian democracy.
“You did not just talk about democracy. You legislated for it, and then you lived by it. That consistency of character is what sets you apart,” Kumo added.
As a member of the APC’s National Working Committee and Chairman of the ITF Governing Board — a position he holds by the confidence of the President — Kumo said he remained fully committed to supporting the Tinubu administration in delivering on its Renewed Hope agenda for all Nigerians.
He closed with a personal charge to the President.
“Your Excellency, the mandate is yours. The people trust you. Go and finish the work. Nigeria is counting on you, and we are all standing firmly behind you.”

Continue Reading

News

CBIAMEC Elects New Executives as National Coordinator, Onomuodeke Unveils Seven-Point Agenda

Published

on

By

The CSO Budget Implementation, Assessment, Monitoring and Evaluation Committee (CBIAMEC) has on Friday, elected new executives to pilot the affairs of the committee, with Comrade Patrick Ogheneyero Onomuodeke, emerging as the newly elected National Coordinator.

The election, which drew members, stakeholders, and observers from different sectors, marked a significant transition in the leadership structure of the committee and reaffirmed its commitment to transparency, accountability, inclusion, and effective project monitoring across the country.

Other officers were also elected into key positions including General Secretary, Head of Operations, Head of Legal, Head of Media, among others.

Speaking shortly after the election, Comrade Patrick Ogheneyero unveiled a seven-point agenda aimed at repositioning the committee for greater efficiency, visibility, and impact. According to him, the agenda will focus on strengthening institutional capacity, promoting transparency in budget implementation processes, improving collaboration with relevant stakeholders, enhancing media visibility, deepening citizen engagement, promoting inclusiveness, and ensuring effective monitoring and evaluation of projects and policies.

He stressed the importance of unity, professionalism, and dedication among members, noting that civil society organizations must continue to play active roles in promoting good governance and accountability in the country.

The newly elected National Coordinator further pledged to run an open, inclusive, and result-driven administration that would prioritize teamwork, transparency, and national development.

The election also witnessed the presence of notable observers and stakeholders, including Comrade Adodo Solomon, Chairman Public and Private Partnership, as well as international development expert, Mrs. Tamara Jensin, President and Chairman Arc-royal International, alongside other dignitaries.

Members of the committee expressed optimism over the emergence of the new executives, describing the development as a fresh opportunity to reposition the organization and strengthen its relevance within the civic and governance space.

The event concluded with goodwill messages and renewed commitments by members to work collectively toward achieving the vision and objectives of the committee.

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.