Reforms Needed For Unified Market - Expert

China must deepen competition law reforms to construct a unified national market, according to Chen Bing, director at the Competition Law Research Center at Nankai University. Local governments' use of coupons to boost consumption and subsidies to enhance industry have helped the economic rebound, but officials should remain cautious not to use the measures excessively, as it could lead to market distortions and hamper efforts to improve the unified market, he said. Chen’s comments come after the State Council released statements on constructing a unified market earlier this week. (Source: Yicai)