China approves nine cities to carry out domestic trade, circulation reform

BEIJING, Aug. 6 (Xinhua) — The State Council, China’s cabinet, has approved nine cities, including Shanghai, Nanjing, Zhengzhou, Guangzhou, Chengdu, Xiamen, Qingdao, Huangshi and Yiwu, to carry out domestic trade and circulation reform for better regulation, innovation, infrastructure construction and administration.

Under the pilot scheme of carrying out such reform in domestic trade system, the governments of the nine cities will accelerate transforming government functions and streamlining administration, while breaking regional blockades and industry monopolies, to ensure the market plays the decisive role in allocating resources.

The scheme plans to spend one year collecting duplicable experiences and preparing for building a nationwide free trade market.

(Edited by Zhang Yuenan,

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