Coordinated Advancement of High-Standard Opening Up and the Building of a Unified National Market

Abstract

High-standard opening up aims to cultivate new comparative advantages driven by innovation, achieving systemic improvement through the upgrading of export industries and institutional opening up. Building a unified national market aims to break down factor market segmentation and unleash the potential of the super-large-scale market. By reducing transaction costs and facilitating the flow of production factors to high-efficiency enterprises, it leverages the advantages of such a market. Coordinating these two initiatives helps improve the efficiency of factor allocation, foster corporate innovation and productivity, optimize the business environment, and promote the development of markets for new production factors . However, it should be noted that institutional opening up currently faces issues such as lagging institutional supply in emerging sectors. Meanwhile, the building of a unified national market confronts challenges involving inter- departmental, urban-rural, and inter-regional market segmentation, as well as difficulties in developing markets for new production factors. To this end, it is necessary to further deepen reforms comprehensively by properly handling the relationship between the government and the market and breaking down market segmentation barriers, thereby promoting the synergistic development of both and facilitating high-quality economic transformation.

Keywords

high-standard opening up / unified national market / factor misallocation / institutional opening up

RIGHTS & PERMISSIONS

Higher Education Press