Core Viewpoint - The article emphasizes the importance of advancing the construction of a unified national market in China to optimize market competition and enhance resource allocation efficiency, which is crucial for high-quality economic development [1][2]. Group 1: National Unified Market Construction - The construction of a unified national market is positioned as a key task during the "14th Five-Year Plan" period, requiring systematic deployment and unified command to win this long-term battle [4]. - The central government has made specific deployments to deepen market-oriented reforms and establish a high-standard market system, addressing issues like disorderly competition among enterprises and local protectionism [1][2]. Group 2: Challenges and Solutions - The construction of a unified national market faces challenges from conflicting policies between departments and local protectionism, which necessitates improved inter-departmental coordination and governance of market access restrictions [2][3]. - Local governments are driven by performance assessments, which can lead to inappropriate market interventions; thus, reforming incentive mechanisms is essential to encourage local compliance with national market construction goals [3]. Group 3: Strategic Importance - Expanding domestic demand and constructing a unified national market are critical for maintaining market resource advantages and responding to international uncertainties [2]. - The article highlights the need for a clear blueprint and legal arrangements to ensure the coherence and coordination of various reform measures in the unified market construction [3].

近日召开的中央政治局会议，再次提出纵深推进全国统一大市场建设，推动市场竞争秩序持续优化。 全国统一大市场建设也是一场持久战和攻坚战。对当务之急，要立说立行、紧抓快办。对长期任务，要 保持战略定力和耐心，坚持一张蓝图绘到底，滴水穿石，久久为功。因此，全国统一大市场建设作 为"十五五"期间的一个重要任务，应该统筹部署，统一指挥，打赢这场攻坚战。 对部门而言，国家发展改革委将发挥好牵头部门作用，强化统筹协调，推动信息共享，形成工作合力。 相关部门要立足职能主动作为，聚焦解决突出问题，推出一系列务实管用、可感可及的政策举措。对地 方而言，则要自觉贯彻落实党中央决策部署，引导干部树立和践行正确政绩观，找准在全国统一大市场 中的定位作用和比较优势，主动服务和融入新发展格局，防止各自为政、画地为牢，避免搞封闭小市 场、自我小循环。 全国统一大市场建设是一项超大规模的系统工程，各项改革举措关联度高、协同性强，需要制定一张系 统明确的蓝图作为顶层设计，做出各种法律法规的安排，协调不同方面改革配套和衔接，合理安排改革 举措的先后顺序、节奏时机。 当前，我们更需要立足扩大内需战略，推进全国统一大市场建设，畅通国内大循环，巩固和扩展 ...

Group 1 - The core viewpoint emphasizes the need to deepen the construction of a national unified market to optimize market competition order and enhance resource allocation efficiency [1][2] - The construction of a national unified market is crucial for building a high-level socialist market economy, addressing issues like disorderly competition among enterprises and local protectionism [1][2] - The strategy aims to expand domestic demand, facilitate domestic circulation, and leverage the advantages of a super-large market to respond to international uncertainties [2][3] Group 2 - Local protectionism and competitive investment attraction are driven by performance assessments, necessitating reforms in incentive mechanisms to promote the national unified market [3] - The National Development and Reform Commission will play a leading role in coordinating efforts, promoting information sharing, and addressing prominent issues [3][4] - The construction of a national unified market is a complex system project requiring a clear blueprint for top-level design and coordination of various reform measures [3][4]

Group 1 - The central political bureau meeting emphasized the need to regulate local investment attraction practices, addressing existing issues in the sector and promoting the construction of a unified national market [1] - Local governments have relied on improper incentives to attract investments, leading to unhealthy competition characterized by low land prices and excessive subsidies, which has resulted in resource wastage and homogeneity in industries [1] - The traditional model of "subsidy competition" is being challenged by the implementation of the "Fair Competition Review Regulations," prompting local governments to rethink their development strategies [1] Group 2 - A shift from "policy lowlands" to "reform highlands" is necessary, focusing on systematic reforms to reshape the core of investment attraction [2] - Local governments should abandon the mindset of indiscriminately pursuing popular industries and instead focus on their unique industrial foundations and resource endowments to find precise positioning in differentiated competition [2] - The importance of establishing a stable and fair market environment is highlighted, which encourages businesses to settle and operate confidently, moving away from subsidy dependency towards service-oriented competition [2]

Core Viewpoint - The article emphasizes the importance of standardization as a key driver for economic and social progress, highlighting the significant increase in the download of national standards due to proactive policies, enterprise engagement, and a mature market mechanism [1][2]. Policy Level Summary - The State Administration for Market Regulation has actively promoted the public availability of over 30,000 national standards that have not adopted international standards, resulting in over 10 million downloads in the first half of the year [2][3]. - The implementation of the "Standardization Law of the People's Republic of China" mandates that mandatory standard texts be made available for free to the public, which has facilitated the increase in downloads [2]. Enterprise Level Summary - The surge in downloads reflects the active response from enterprises, indicating that important standards positively impact their production and operational activities [3][4]. - In the first half of the year, 1,420 national standards had over 1,000 downloads, and 34 standards exceeded 10,000 downloads, demonstrating a significant increase in the adoption of important standards [3]. Market Level Summary - The high download volume indicates a growing market demand for standards, showcasing that enterprises are increasingly relying on standards to enhance product and service quality [4]. - The free availability of standards promotes a more orderly, transparent, and fair market competition environment, allowing all types of enterprises to access the latest industry norms and technical requirements equally [4].

中化新网讯 8月1日，在国家发改委召开的新闻发布会上，国家发改委体制改革综合司司长王任飞表 示，全国统一大市场建设取得积极成效。下一步，国家发改委将围绕"五统一、一开放"的基本要求，聚 焦重点难点集中攻关，以更加有力有效举措，落实好纵深推进全国统一大市场建设各项部署。 一是抓总体推进。研究制定纵深推进全国统一大市场建设行动方案，统筹协调各方面，压茬推进重点任 务落实。二是抓制度建设。重点是实现产权保护、市场准入、公平竞争、社会信用、质量标准等制度的 统一；进一步规范政府行为尺度，制定《妨碍统一市场和公平竞争行为防范事项清单》；推动健全有利 于市场统一的财税体制、统计核算制度和考核评价体系。三是抓重点领域。深化要素市场化配置改革， 完善全国统一电力市场体系，培育全国一体化数据市场，协同推进统一开放的交通运输市场建设。四是 抓问题整治。依法依规治理企业无序竞争，推进重点行业产能治理，规范招标投标，加强对中标结果的 公平性审查，规范地方招商引资行为，加强招商引资信息披露，扎实开展市场准入壁垒清理整治行动。 ...

Group 1 - The core viewpoint emphasizes the importance of creating a market-oriented, law-based, and international first-class business environment to support high-quality development [4] - The Guangzhou municipal government is actively implementing Xi Jinping's directives on optimizing the business environment, with a focus on enhancing collaboration among law enforcement agencies to protect the rights of enterprises and entrepreneurs [3][4] - The initiative includes the establishment of an international arbitration center to improve international business cooperation and enhance the credibility and influence of arbitration mechanisms [3][4] Group 2 - The government aims to promote comprehensive reforms in market-oriented resource allocation and expand the openness of the service sector, addressing barriers to fair competition and ensuring efficient circulation of factors such as data, technology, capital, and talent [4] - A focus on optimizing the industrial development ecosystem is highlighted, with plans to strengthen industrial planning, policy supply, project attraction, and resource allocation to foster innovation and productivity [4] - The initiative also includes the establishment of a service system for enterprises throughout their lifecycle, simplifying access to policies and reducing operational costs to stimulate business vitality and social creativity [4]

Report Industry Investment Rating No relevant content provided. Core Views of the Report - In the next month, with increasing constraints on steel supply and demand in the off - season, steel prices are expected to maintain a volatile and slightly stronger trend. The "anti - involution" policy has a mid - term impact on the supply - demand relationship, and the steel market is in a double - weak supply - demand pattern [4]. - In July, steel futures prices rose strongly driven by policies and then回调 at the end of the month. In August, the market focuses on the implementation of the "anti - involution" policy, pre - parade production restrictions, and the demand expectations for the peak seasons [9]. Summary According to the Directory 1. Market Review - In July, steel futures prices rose strongly due to policy drivers and then fell at the end of the month. The main contracts of rebar and hot - rolled coil futures rose by over 10%. Spot prices also increased. The "anti - involution" policy and coal mine over - production checks led to cost increases, pushing up prices. At the end of the month, the lack of incremental stimulus policies and lower - than - expected PMI caused market sentiment to cool down [9]. - In August, the market focuses on the implementation of the "anti - involution" policy, pre - parade production restrictions, and the demand expectations for the peak seasons [9]. 2. Steel Fundamental Analysis 2.1 Anti - Involution Policy Disturbance, Supply Expectation Enhancement - The "anti - involution" policy in July aimed to regulate market competition. In the short term, it caused price fluctuations in coking coal. In the long term, it may reshape the supply - demand structure and profit distribution in the black commodity market. The coal industry may see increased concentration and pricing power [15]. - In July, steel supply remained relatively high. Profit - driven production led to high iron - water output and increased short - process production. In August, pre - parade production restrictions are expected, but supply in the first and middle of the month remains elastic [16]. 2.2 Steel Inventory Accumulation Accelerated at the End of the Month - In July, steel inventory continued to decline overall but showed signs of marginal accumulation at the end of the month. The total inventory of five major steel products increased slightly, with social inventory rising and factory inventory falling. Due to production restrictions and policies in August, inventory pressure is generally not large [19]. 2.3 Demand in the Off - Season, Weak Real Estate and Slowing Infrastructure - In July, steel demand was weak in the off - season, but exports remained resilient. Construction steel demand was weak due to the real - estate slump, and infrastructure investment growth slowed. Plate demand also weakened marginally. The manufacturing PMI was in the contraction range, and the "trade - in" policy's effect on the manufacturing industry diminished [22]. 2.4 Increased Policy Impact - Multiple policies were introduced in July. The "anti - involution" policy affected the steel market. Real - estate investment continued to decline, while the Yarlung Zangbo River downstream hydropower project started, which may drive new infrastructure investment expectations [24][27][28]. 3. Market Outlook - Supply side: In July, steel supply remained high with significant differentiation among varieties. In August, pre - parade production restrictions are expected, but supply in the first and middle of the month remains elastic due to profit incentives [44][46]. - Demand side: In July, steel demand was weak in the off - season, but exports remained resilient. Construction steel and plate demand both declined. Manufacturing was under pressure, and overseas exports maintained a good growth rate [46]. - In the next month, with increasing supply constraints and demand in the off - season, steel prices are expected to maintain a volatile and slightly stronger trend due to policy impacts [47].

Core Viewpoint - The meetings held by Zhengzhou's leadership focus on integrating the city into the national unified market, emphasizing the importance of this initiative for resource optimization and economic growth [1][2]. Group 1: Strategic Importance - Integrating into the national unified market is identified as a strategic, comprehensive, and critical foundational task for Zhengzhou [2]. - This initiative is seen as essential for accelerating the efficient allocation of resources and leveraging the advantages of a large market scale [2]. Group 2: Goals and Actions - The city aims to enhance its awareness of the broader context, focusing on national and provincial priorities while seizing opportunities and fulfilling responsibilities [2][3]. - Key areas of focus include platform economy, headquarters economy, industrial chain economy, and digital economy, with an emphasis on attracting leading enterprises and developing international logistics hubs [3]. Group 3: Implementation and Leadership - There is a call for strong organizational leadership and policy research to ensure effective implementation of the integration strategy [3]. - The city is encouraged to innovate boldly, liberate thoughts, and actively engage in practical efforts to contribute to the modernization of the region [3].

Group 1 - The core viewpoint emphasizes the need for a unified national market to combat "involution" in various industries, which has led to unhealthy competition and profit sacrifices among companies [1][4][11] - The government is implementing a series of measures to address "involution" by promoting fair competition and optimizing resource allocation, which is crucial for the construction of a unified national market [2][5][10] - The recent policies focus on both constraints and guidance, including prohibiting local governments from offering unfair incentives and promoting mergers and technological innovation in key industries [5][6] Group 2 - The regulatory framework is evolving, with new laws such as the revised Anti-Unfair Competition Law aimed at preventing predatory pricing and ensuring fair competition among businesses [8][9] - The government is actively seeking to break down local protectionism and market barriers, which are significant obstacles to the establishment of a unified national market [10][11] - Initial results from the government's "combination punches" against "involution" have shown improvements in capacity management and pricing rationality in industries like steel, automotive, and e-commerce [11]