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China's High-Standard Market System Development and Institutional Reform in the New Era

China economist (Beijing, China), 2023-07, Vol.18 (4), p.30-58

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Title:
China's High-Standard Market System Development and Institutional Reform in the New Era
Author: Baoping, Ren
Subjects: Commodities ; Economic development ; Economic reform ; Efficient markets ; Macroeconomics ; Market economies ; Quality standards
Is Part Of: China economist (Beijing, China), 2023-07, Vol.18 (4), p.30-58
Description: China has moved into a new phase of developing a high-standard market system, one that features robust commodity and factor markets, as well as price and market regulation systems. The priority in developing a high-standard market system is to create a unified national market, establish market-based factor price and allocation, and strengthen a credit system for the market-based economy. In fostering a high-standard market system, it is essential to promote an efficient market, a capable government, and thriving businesses through institutional reforms. The government is advised to create effective incentives through property right reform, advance factor price market reform, promote institutional innovation compatible with the high-standard market system, safeguard market security, and enhance supporting systems for the high-standard market system.
Publisher: Beijing: Institute of Industrial Economics, Chinese Academy of Social Sciences
Language: Chinese;English
Identifier: ISSN: 1673-8837
Source: ProQuest Central

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