Premier Li Keqiang proposed in the government work report on the 5th to "strengthen the fundamental position of competition policy." This is an important deployment for "fully deepening reform and opening up and continuously enhancing development momentum and vitality" during the "14th Five-Year Plan" period. It will have an important and far-reaching impact on China's acceleration of building a new development pattern and achieving high-quality development.The key to building a new development pattern is to realize a virtuous circulation of the national economy, which requires the formation of a higher level dynamic balance between demand creating supply and supply creating demand. In this process, competition policy plays an irreplaceable role. In addition, strengthening the basic position of competition policy is also conducive to ensuring market fairness and reducing the social costs of all kinds of market participants.In the process of implementing competition policy in the future, we should pay attention to the coordination between competition policy and industrial policy, the applicability of competition policy under the impact of digital economy, and the challenges brought about by the reconstruction of international trade rules.
