Luo Libin and Hu Xinyu: Create a Market-oriented, Law-based and Internationalized World-class Business Environment

Release time:2025-03-05Author: Luo Libin and Hu Xinyu

The Resolution of the Central Committee of the CPC on Further Deepening Reform Comprehensively and Promoting Chinese Path to Modernization clearly requires us to create a market-oriented, law-based and internationalized world-class business environment. Moreover, in the overall goal of deepening reform comprehensively, the Resolution regards building a high-level socialist market economy system as the first of the seven focuses and points out numerous specific goals.


On the one hand, we need to fully recognize the importance of strengthening the construction of the business environment.

1. Strengthening the construction of the business environment is an important requirement for the phased characteristics of the Chinese economy.

2. Continuously strengthening the construction of the business environment is necessary to leverage China's national advantages and build a new development pattern.

3. Continuously strengthening the construction of the business environment is not only a requirement for achieving this year's key work tasks, but also a need for local governments to achieve development goals.


On the other hand, creating a good business environment requires us to handle the relationship between the market and the government properly.

1. Efforts should be made to promote healthy competition in existing fields and generate sufficient growth in emerging fields.

2. It is necessary to provide smooth and efficient government services.

3. It is necessary to provide a stable and predictable policy environment.

4. It is necessary to provide a unified and open business environment.