China Needs Unified Market Reforms - NPC Delegate

China should implement reforms to improve its unified national market and to bolster confidence, according to an financial advisor interviewed at National People's Congress by Caixin. China’s unified market is still underdeveloped and adds significant costs for firms operating across different regions. Reforms were needed to improve the rule-of-law and standardise market mechanisms, and gradually establish the leading position of the Chinese market in the international market system. Improvements were needed to reduce segmentation caused by the dual structure of urban and rural areas, according to the advisor.