Abstract

The construction of a unified big market is the inevitable requirement of China’s continuous deepening of reform, which plays an important role in eliminating the urban-rural gap and promoting the domestic and international double cycle. The key to building a large, unified national market is to promote high-standard connectivity of market facilities, continue to deepen and popularize through the Internet, combine supply chain integration with the development of the circulation industry, reduce institutional transaction costs and explicit costs such as raw materials, labor and logistics, break local protection, curb market segmentation, and update infrastructure. In this way, market transaction costs can be reduced, scale advantages can be leveraged and resource allocation can be optimized.

Full Text
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