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China Puts Local Protectionism on Notice – Caixin

China has released a policy document aimed at breaking down local protectionism and dismantling other hurdles that prevent domestic markets from working efficiently


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The simmering tensions among top Communist Party officials over Beijing's zero-Covid strategy come ahead of a major Communist Party conclave set for later this year. File photo: AFP.

 

China’s government has taken another step forward in implementing President Xi Jinping’s dual circulation economic strategy, releasing a policy document aimed at breaking down local protectionism and dismantling other hurdles that prevent domestic markets from working efficiently, Caixin Global reported.

The opinions on accelerating building a unified national market were jointly put out by the Central Committee of the Communist Party of China and the State Council on Sunday. The document covers a range of issues—antimonopoly, market access and regulation, and protection of property rights—that also dovetail with the long-term strategy of allowing markets to play a greater role in the allocation of resources.

 

Read the full report: Caixin Global

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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