中国大市场成支撑高质量发展向优向新关键力量

Core Viewpoint - China's domestic demand contributed 68.8% to economic growth, showcasing the resilience of the large market as a key driver for high-quality development [1][3]. Economic Performance - China's GDP grew by 5.3% year-on-year in the first half of 2025, indicating strong economic performance despite external pressures [1][3]. - The domestic market's contribution to economic growth highlights its critical role in supporting the transition to a new development paradigm [1][5]. Market Development - The establishment of a unified national market is essential for promoting high-quality development and addressing complex external challenges [1][5]. - The Southern Regional Electricity Market, which began trial operations, is the world's largest electricity market, facilitating real-time trading and optimizing resource allocation across provinces [4][5]. Policy Initiatives - The Chinese government has implemented a series of reforms to enhance market access, including the reduction of the market access negative list from 151 items in 2018 to 106 items in 2025 [6][7]. - The government aims to standardize behaviors across regions to eliminate administrative barriers and promote fair competition [7][8]. Industry Growth - The removal of regulatory barriers in the elderly care sector has led to a doubling of service institutions since 2019, reflecting the potential for growth in various industries through market liberalization [6][7]. - The logistics and transportation sectors are thriving, with over 1,200 billion yuan in trade and more than 5 billion express packages delivered, indicating robust market activity [5][6]. Open Market Strategy - China's strategy emphasizes both domestic and international market integration, aiming to leverage its vast market size for global resource allocation [8]. - The expansion of free trade zones and the Belt and Road Initiative are part of China's commitment to deepening reform and opening up to the world [8].