中央经济工作会议于12月10日至11日在北京举行。会议提出，做好明年经济工作，实施更加积极有为的 宏观政策。在政策取向上，要坚持稳中求进、提质增效，发挥存量政策和增量政策集成效应，加大逆周 期和跨周期调节力度，提升宏观经济治理效能。会议部署了八大重点任务，提出坚持改革攻坚，增强高 质量发展动力活力，制定全国统一大市场建设条例，深入整治"内卷式"竞争。 会议部署与近年政策思路一脉相承。众所周知，加快建设全国统一大市场是做强国内大循环、推动构建 新发展格局的必然要求，也是释放内需潜力、巩固经济回升向好基础的重要抓手。这种政策取向与剧烈 波动的外部环境有关，增强国内大循环内生动力和可靠性，能直接提升经济韧性。 如何推进建设全国统一大市场？2023年底召开的国务院常务会议作出了部署——要加快完善市场准入等 方面的基础性制度；要深入开展市场分割、地方保护等问题专项整治，加大典型案例通报力度，把不利 于全国统一大市场建设的各种障碍掣肘破除掉。这些要求直指关键问题，直至今日，仍是全国统一大市 场建设过程中的重点工作。 习近平总书记在《纵深推进全国统一大市场建设》一文中明确提出，要"着力整治地方招商引资乱 象""统一政府行为 ...

Core Viewpoint - The article emphasizes the importance of breaking down barriers to the construction of a unified national market in China over the next five years, as outlined in the recent guidelines from the Central Committee [3][8]. Summary by Sections National Unified Market Construction - The recent guidelines highlight the need to standardize local government economic promotion behaviors and address "involutionary" competition, aiming to create a more unified market environment [3][4]. - The guidelines call for the establishment of unified market foundational systems, including property rights protection, market access, information disclosure, social credit, mergers and acquisitions, and market exit regulations [3][5]. Local Government Economic Promotion - There is a focus on regulating local government economic promotion behaviors, which have historically led to market disorder and hindered the establishment of a unified market system [5][6]. - The article discusses the past issues with local governments providing tax incentives and subsidies to attract investment, which, while beneficial in the short term, disrupts fair competition [6][7]. Involutionary Competition - The article addresses the phenomenon of "involutionary" competition, where local governments' financial incentives lead to unhealthy price competition among businesses [7][8]. - The guidelines aim to rectify this by promoting fair competition and eliminating local protectionism and market fragmentation [8][9]. Future Directions - The article outlines four key areas for addressing involution: controlling local government subsidies, ensuring product and service quality, encouraging bankruptcy restructuring, and enhancing antitrust enforcement [9][10]. - The introduction of the Fair Competition Review System is highlighted as a crucial step in preventing local protectionism and ensuring a level playing field for all businesses [9][10].

Market Regulation - The unified market foundation system rules proposed to break local protectionism and market segmentation [1] - Standardizing local government economic promotion behaviors and unifying market supervision and law enforcement are crucial [1] - Comprehensive整治 "内卷式" competition (comprehensively rectify "involution-style" competition) to remove market barriers [1] Economic Impact - A unified market is essential for smooth economic circulation [1]

Core Viewpoint - The construction of a unified national market requires the regulation of local investment attraction behaviors and the elimination of local protectionism, with tax incentive policies being a key measure to break local protectionism [2][4][5]. Tax Competition Indicators - Two tax competition indicators have been established: the provincial tax competition index, which indicates the intensity of tax competition and the attractiveness of tax policies to enterprises, and the tax refund rate for listed companies in each province, which measures the proportion of tax exemptions for listed companies [6][7][8]. - The current tax competition index is close to its highest value in the past 30 years, reflecting the necessity of a unified national market [7][23]. Four Types of Competition Models - The 31 provinces can be categorized into four competition models based on the tax competition index and the tax refund rate for listed companies: 1. **Free Type**: Low tax competition index and low refund rate (e.g., Beijing, Tianjin) indicating minimal local protectionism [15]. 2. **Strong Type**: Low tax competition index and high refund rate (e.g., Jiangxi, Zhejiang) focusing on attracting large enterprises [15]. 3. **Depressed Type**: High tax competition index and low refund rate (e.g., Henan, Jilin) indicating high overall tax policy attractiveness but low emphasis on listed companies [15]. 4. **Preferential Type**: High tax competition index and high refund rate (e.g., Hunan, Shandong) indicating the highest local protectionism and urgent need for a unified market [15]. Tax Competition Index Analysis - The tax competition index has been rising since 2010, with a projected average of 0.88 for 2024, nearing the maximum value of 0.9 observed in the past 30 years [23][24]. - The highest tax competition indices are found in Central and Northeast China, while the lowest are in South and North China [24]. Tax Refund Rate for Listed Companies - The national tax refund rate for listed companies has been around 5% to 10% over the past 30 years, with a significant increase to 15% in 2024, reflecting a higher level of tax relief compared to historical averages [28][29]. - The highest tax refund rates for listed companies are observed in Jiangxi (38.2%), Zhejiang (36.7%), and Hunan (35.6%), while the lowest are in Shanxi (1.6%) and Guizhou (2.4%) [29].

Group 1: Macro Insights - The central government emphasizes the need to advance the construction of a unified national market, addressing local protectionism as a significant barrier to this goal[2] - Tax competition among local governments is a key factor contributing to local protectionism, with tax incentives being a primary tool for attracting investment[2][3] - The current tax competition index is close to its highest level in the past 30 years, indicating the urgency for a unified market[3][14] Group 2: Tax Competition Indicators - Two tax competition indicators are constructed: the provincial tax competition index and the tax refund rate for listed companies, which reflect local protection tendencies[3][11] - The provincial tax competition index averages 0.88 in 2024, nearing the historical maximum of 0.9, with significant regional variations[6][26] - The highest tax competition index is found in Hunan (1.83), while the lowest is in Shanghai (0.22) and Beijing (0.24)[7][26] Group 3: Tax Refund Rates - The national tax refund rate for listed companies reached 15% in 2024, significantly above the long-term average of 5%-10%[8][32] - Jiangxi has the highest tax refund rate at 38.2%, while Shanxi has the lowest at 1.6%[9][32] - Regional disparities exist, with East China and South China showing the highest tax refund rates, while Northwest and North China exhibit the lowest[9][32]

Group 1 - The core viewpoint is that building a unified market in China is essential for modernizing the economy, and reducing transaction costs is key to achieving this goal [2][5][6] - Transaction costs are identified as the main barrier to market unification, with administrative divisions and local protectionism being significant contributors [2][5][6] - The concept of a unified market is linked to economic efficiency, emphasizing the importance of specialization and division of labor to enhance productivity [4][5] Group 2 - The article highlights that the transition from a planned economy to a market economy has shifted the role of local governments from direct producers to indirect tax collectors, impacting transaction costs [10] - It suggests that the focus of reducing transaction costs should shift from downstream product markets to upstream factor markets in the context of building a unified market [9][10] - The relationship between central and local governments is crucial in addressing transaction costs, as local governments often create barriers that hinder market integration [8][10]

Core Viewpoint - The article highlights the increasing complexity and organization of bid-rigging crimes, which disrupt the bidding market and harm legitimate business interests [1][2]. Group 1: Characteristics of Bid-Rigging Crimes - Bid-rigging crimes are characterized by a diversification of perpetrators, covert methods, and organized crime networks [1]. - Notable cases reveal blatant illegal activities, such as threats to other bidders and collusion among bidding agents, indicating local power dynamics at play [1]. - The bidding market in certain regions resembles a "familiar economy," where local firms form alliances that disadvantage external competitors, regardless of their qualifications [1]. Group 2: Underlying Issues and Mechanisms - The institutionalization of industry "hidden rules" is a significant issue, with tailored bidding parameters and bribery of evaluation experts being common practices [1]. - A complete "interest distribution" mechanism exists, where bidding parties receive kickbacks, agents earn fees, and participating firms receive "hardship payments," creating a distorted ecosystem [1]. - Law-abiding companies are marginalized, facing a "bad money drives out good" scenario [1]. Group 3: Proposed Solutions - Breaking the current deadlock requires more than judicial action; a unified national bidding credit system is essential to eliminate local protectionism [2]. - There is a need to regulate "red-top intermediaries" and sever the profit-sharing chains [2]. - Promoting industry self-regulation and establishing a "blacklist" system for violators can impose significant credit penalties on those involved in bid-rigging [2]. - The release of typical case studies signals a positive shift, indicating that judicial authorities recognize the need for case-by-case regulation [2].