China to intensify efforts to build unified national market, promote private economy

China will promulgate a set of guidelines for the construction of a unified national market as soon as possible, and enact a law on private economy promotion in 2025, said a senior official with China's top economic planner -- the National Development and Reform Commission (NDRC) -- on Friday.

Speaking at a press conference in Beijing, Xiao Weiming, deputy director-general of the NDRC, said that the promulgation of the guidelines is part of the efforts to promote in-depth and practical construction of a unified national market.

He said the NDRC will speed up the release of a new version of the market access negative list and the formulation of a set of measures for implementing the regulations for fair competition review.

According to Xiao, comprehensive reform trials for the market-based allocation of production factors will be advanced, and the construction of a unified national electric power market will be stepped up. Efforts will also be made to build an open and unified transportation market and accelerate the removal of major bottlenecks in building roads and inter-provincial waterways.

The NDRC will work to enable employees across wider regions to draw money from their housing provident fund accounts for interregional spending, and promote trans-regional activation and use of social security cards. It will also work to promote mutual recognition of test results among medical institutions across wider areas, according to Xiao

Xiao said the NDRC will work to step up development of the private economy and promote efforts in enacting the law on the private economy promotion.

Meanwhile, the commission will cooperate with other competent authorities in carrying out exclusive operations to regulate law enforcement on enterprises, in effectively maintaining the legitimate rights and interests of private enterprises and entrepreneurs, according to Xiao.

"We will work to promote fair opening of competitive infrastructure sectors to business entities, especially private enterprises. We will provide private enterprises with greater access to major national scientific research infrastructure. Efforts will also be made to improve the system of policies for supporting financing of private enterprises, and promote efforts to settle overdue payments," he said.

China to intensify efforts to build unified national market, promote private economy

The Chinese Academy of Sciences (CAS) announced major RISC-V achievements at a sub-forum during the 2026 Zhongguancun Forum (ZGC Forum) on Thursday, highlighting a new path for open-source chip industrial application.

RISC-V is an open-source, flexible and efficient processor architecture that has gained global attention.

Two landmark achievements were introduced at the forum. Xiangshan, an open-source high-performance RISC-V processor system, has set a new international record and includes the world's first open-source network-on-chip IP.

"The Xiangshan processor core now ranks among the global top tier in performance. Several companies are already developing actual chips based on it. Real market demand, high-level expertise, and high quality are the core elements for open-source chip projects to transition from the lab to industrial deployment," said Bao Yungang, a researcher at the Institute of Computing Technology, CAS.

While Ruyi, a native RISC-V operating system, became the first to support the RVA23 high-performance international standard.

Together, Xiangshan and Ruyi have formed two RISC-V open-source communities led by China.

Currently scientific research teams in China have constructed a full-chain RISC-V development system, strengthening China’s voice in shaping global open-source technology standards.

The 2026 ZGC Forum, running in Beijing through Sunday, is focused on the theme of "Full Integration Between Technological and Industrial Innovation". Since its founding in 2007, this forum has become a major international event for advancing science and technology innovation.

China unveils major RISC-V achievements, opens new path for open-source chip industry