Reform on Domestic Trade Circulation Further Supported

On August 28, the State Council promulgated the Opinions on Promoting the Modernization of Domestic Trade Circulation and Law-based Business Environment. The Opinions pledge further innovation, integration of regional networks, and the improvement of a supervisory system to boost domestic trade circulation in support of the national economy.

The Opinions also aim to prevent:

• Regional blockades in market activities
• Administrative power abuse that restricts competition
• Unreasonable fees from dominant market positions
• Unreasonable trading conditions

The policy aims to achieve by 2020 a unified, open, competitive, orderly and efficient system of domestic trade circulation characterized by sound rules and effective supervision.