In today's world, the scarcest resource is the market. Having a very large-scale market with great growth potential and great development potential is the basis for China's economy to grow in the face of wind and rain and to grow stronger in the face of trials. The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China pointed out that my country's ultra-large market advantages have become more evident. This strategic judgment has great guiding significance for how to scientifically grasp the general trend and how to make great achievements. It also lays a solid foundation for eliminating doubts, maintaining concentration, and strengthening self-confidence.
The ultra-large market fostered by China’s huge population base is a huge comparative advantage. This means that the market demand is huge, with diverse levels and rich models. The difference in consumption gradient will bring about continuously expanding market depth and effectively hedge the risk of fluctuations in external demand. It means that it is easier to form and maintain complete industrial supporting facilities and a complete industrial system, enhance the richness and diversity of the industrial ecology, thereby enhancing the security and stability of the industrial chain and supply chain; it means more innovation venues With the prospect of lower innovation costs and higher innovation benefits, new products and new technologies have the opportunity to accelerate their transformation into new productive forces through large-scale application and continuous iteration, providing a broad space for scientific and technological self-reliance and self-reliance; this means that it is more conducive to attracting the accumulation of global high-quality resource elements, expanding space through high-level open cooperation, and continuously improving my country's voice and influence in global economic governance.
“China’s economy is a sea, not a small pond.” General Secretary Xi Jinping used the sea as a metaphor to discuss the Chinese economy, which is the best explanation of the “Chinese market”. "This sea" is vast, deep, inclusive, and open. No external shock can change the fundamentals of China's economy, which has a stable foundation, many advantages, strong resilience, and great potential.
Against the backdrop of a turbulent world economy and full uncertainty in global trade, the China International Import Expo has been successfully held for eight sessions. Behind the record-breaking number of exhibitors and intended turnover is the continuous growth and upgrading of China's large market. Since the beginning of this year, in the face of the "big stick" of tariffs wielded arbitrarily by the United States, we have coordinated domestic economic work and international economic and trade struggles, and unswervingly handled our own affairs. The "14th Five-Year Plan" is about to come to a successful conclusion. The grand practice since the new era has proven time and again that a strong domestic market is a "stabilizer" to withstand risks and challenges, an "accelerator" to stimulate endogenous power, and has become the strategic basis for China's modernization.
The ultra-large-scale market advantage is a strategic asset that my country has proactively planned and built up, and it has been consolidated and enhanced in the process of gradually improving the socialist market economic system. Improve factor market systems and rules, build a unified urban and rural construction land market, improve the basic system to promote the standardized development of the capital market, cultivate a national integrated technology and data market, and improve the factor price mechanism mainly determined by market supply and demand... Since the new era, a series of major reform measures have been launched to help the "big market" transform into a "strong market", injecting new era connotations into the construction of a unified big market.
Building a national unified market has always been a dialectical unity of destruction and establishment: it is necessary to focus on the shortcomings and dismantle the "fences"; it is also necessary to work for a long time to further improve relevant institutional mechanisms and supporting systems to cultivate "fertile soil" for enterprise growth. Deeply grasp the historical position of the "15th Five-Year Plan" period and consciously shoulder the missions entrusted by the times. How to open up the channel from market efficiency improvement to labor productivity improvement, residents' income increase, business entity expansion, supply quality improvement, demand optimization and upgrading, how to establish unified rules and improve the efficiency of the flow and allocation of resource factors, how to ensure an effective market with a competent government, etc., are all important issues that need to continue to be answered.
In this regard, the “15th Five-Year Plan” recommendations adopted by the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China have made scientific arrangements. On the basis of in-depth understanding and accurate grasp, we must implement it well, use the spirit of nailing to promote the implementation of various decisions and deployments, and accelerate the construction of a national unified market that is highly efficient, standardized, fair competition, and fully open. High-quality development will surely open up greater space for opportunities, and China's economy will surely achieve a new leap. (Author: Jin Guanping)


