After nearly 70 years, the Chinese Communist Party (CCP) appears to be returning to a planned economy, and striving to establish a unified national market. China experts believe that the CCP hopes to stimulate domestic demand in response to big changes in the external demand that may occur at any time should the world begin decoupling from China.
On April 10, the CCP’s State Council issued a notice called “Opinions on Accelerating the Construction of a Unified National Market,” calling for the establishment of a “super-large domestic market” with its foothold on “domestic demand.” The unified national market involves such aspects as resources, goods, services, and market supervision, while the resource market covers land and labor, capital, technology and data, energy and ecological environment, etc.
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