China's Ministry of Justice (MOJ) on Wednesday announced that work is progressing on a draft regulation on building unified national market .
During a press conference, Jiang Shan, director of the Second Bureau of Legislation, said that the MOJ is taking the lead in drafting this regulation, aiming to provide a solid legal foundation for advancing unified national market construction. "We are leading the drafting of the regulation on building a unified national market, to provide strong legal protection for its deepening development. The Ministry of Justice and the National Development and Reform Commission are actively leading the research and drafting process," said Jiang.
"The new regulation would comprehensively implement the 'five unifications and one opening up' principles. Through firm legal and regulatory measures, we will resolutely eliminate bottlenecks and obstacles impeding the construction of a unified national market, such as local protectionism, market fragmentation, and 'involution-style' competition, so as to strengthen domestic circulation and improve the flow between domestic and international markets," he said.
The "five unifications and one opening up" refer to the unification of underlying market institutions, market infrastructure, government conduct, regulatory enforcement, and markets of production factors and resources, as well as the continuous expansion of the opening up both internally and externally.
"We have collected, from over 150 entities, including relevant departments of central Party and state organs, provincial-level people's governments, relevant enterprises and industry associations, information on bottlenecks and obstacles and their legislative requests. On this basis, we have repeatedly studied and revised the proposed regulation, and have already completed a preliminary draft," said Jiang.
Draft regulation on building unified national market underway: Ministry of Justice
