Unified domestic market to further open China’s doors


Win-win situation: People at the Bund in Shanghai. China’s domestic and international markets will reinforce each other by making effective use of global factors and market resources, says Wei. — Bloomberg

BEIJING: China’s efforts in building a unified domestic market do not represent closing a door but rather opening it wider to the rest of the world so that more countries can share in the dividends of growth from the Chinese market, according to industry experts.

“To build a unified domestic market is not a retreat to a planned economy before reform and opening-up, nor a path of isolation, but the beginning of China’s even further opening-up to the outside world,” said Wei Jianguo, vice-chairman of the China Centre for International Economic Exchanges and former vice-minister of commerce.

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