Guiyang cleans up practices hindering market development

The Guiyang Development and Reform Commission and other municipal government departments in Guiyang – capital city of Southwest China's Guizhou province – jointly issued a document recently, designed to completely clean up regulations and practices that hinder a healthy market and fair competition.

The initiative aims to pave the way for an institutional ecosystem that facilitates fair competition and a market-oriented, legalized and internationalized business environment.

The scope of the clean-up covers the regulations, documents and other policies and measures involving the economic activities of business entities – drafted and promulgated by governments at or above the county level and their subordinate departments – during the period of Dec 31, 2019 to Jan 1, 2022.

Guiyang is focusing on cleaning up various regulations and practices that hinder a unified market and fair competition. These include policies and measures that prevent commercial players from entering and exiting the market on an equal footing in accordance with the law, as well as policies and measures that restrict the free flow of commodities and factors between regions.

In addition, it is cleaning up regulations and practices that implement differentiated and discriminatory preferential policies in violation of laws and regulations.

What's more, the city is also cleaning up policy measures that improperly interfere with the production and business behavior of business entities – as well as practices that do not meet the policy requirements of the provincial and municipal seal engraving services.