Page 16 - Recommendations of the Central Committee of the Communist Party of China for Formulating the 15th Five-Year Plan for National Economic and Social Development

should launch a new batch of major landmark projects on the basis of proper
planning and deliberation. We should improve the long-term mechanisms for

facilitating the participation of private enterprises in major projects and better
leverage the guiding role of government investment funds, so as to spur
private investment, increase its overall share, and boost growth momentum

for market-driven effective investment.
17. Eliminating bottlenecks and obstacles hindering the development of a unified
national market

We must ensure that the underlying institutions and rules of the market
are unified across the nation. We should refine the systems for property rights
protection, market access, information disclosure, social credit, mergers and
reorganizations, and market exit and remove barriers related to production

factor access, qualification accreditation, public bidding, and government
procurement. We should regulate the economic promotion activities of local

governments, eliminate local protectionism and market segmentation, and
address rat race competition through holistic measures.
We should ensure unified law enforcement in market regulation,
strengthen quality supervision, refine the standards on administrative

discretion, and enhance law enforcement and judicial administration efforts to
tackle monopolies and unfair competition. Our aim is to create a market order

where good quality commands good prices and healthy competition prevails.
We should establish well-aligned distribution rules and standards and
pursue higher standards in enhancing market facility connectivity to cut
logistics costs throughout society. We should improve the statistical, fiscal, tax,

and evaluation systems to facilitate the development of a unified market and
work toward optimized profit sharing between corporate headquarters and

branches and between places of production and consumption.

VI. Developing a High-Standard Socialist Market Economy and Boosting
the Momentum for High-Quality Development

A high-standard socialist market economy serves as an important
guarantee for Chinese modernization. We should uphold and improve

China’s basic socialist economic systems, better leverage the leading role of
economic structural reform, and improve the macroeconomic governance
system to ensure steady and sustained progress in high-quality development.

18. Stimulating the vitality of all market entities

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