Yangtze River Delta takes steps towards unified national market integration

Shanghai, along with its neighboring provinces of Jiangsu, Zhejiang, and Anhui, will take a raft of policy measures to take ahead regional market integration in the Yangtze River Delta, to facilitate the building of a unified national market, according to the Ministry of Commerce on Tuesday.

Authorities in the aforementioned provincial regions will take concrete steps to harmonize market regulations and business practices, improve business infrastructure connectivity, create shared business circulation systems, expand win-win collaboration in agricultural production and marketing, intensify regional supply-chain cooperation, and promote enabling consumption environments, the ministry said.

These initiatives will encourage high-level opening up, expedite large-scale circulation, and assist in establishing a more open market, as well as facilitate efficient and smooth flow and advance the continued expansion of the Yangtze River Delta regional market, the ministry added.

Meanwhile, these actions will also contribute to the development of a more stable, equitable, transparent, and predictable business climate and make it easier to build a unified national market, it added.

Commerce departments in these four regions will put in place a cooperation mechanism, strengthen information exchange, and set up a data-sharing system, to promote regional market integration in a coordinated manner, according to the ministry.