Core Viewpoint - The comprehensive reform pilot plan for market-oriented allocation of factors was released on September 11, aiming to construct a high-level socialist market economy and accelerate the establishment of a unified national market, facilitating the aggregation of advanced factors in key areas and promoting the development of new productive forces [1][3]. Group 1: Reform Overview - The State Council approved the pilot program in 10 regions to empower local economies, enhance factor security in advantageous areas, and stimulate economic development and innovation [3]. - The pilot regions include Beijing's urban sub-center, key cities in Jiangsu's southern region, Hangzhou and Ningbo in Zhejiang, Hefei in Anhui, Fuzhou, Xiamen, and Quanzhou in Fujian, Zhengzhou in Henan, Changsha-Zhuzhou-Xiangtan in Hunan, nine cities in the Guangdong-Hong Kong-Macao Greater Bay Area, Chongqing, and Chengdu in Sichuan [4]. - The pilot program will last approximately two years, with tasks expected to be completed by 2027, focusing on differentiated reform explorations in various factor fields [4][5]. Group 2: Objectives and Expected Outcomes - The pilot program aims to facilitate the free flow and safe sharing of factors across regions, which is crucial for advancing the construction of a unified national market [5]. - Approximately 20 tasks will be deployed in each pilot region, including promoting technological collaboration, revitalizing inefficient construction land, and accelerating the sharing of public data [6]. - The reform is expected to enhance the market environment, create more employment and entrepreneurial opportunities, and improve social welfare, ultimately contributing to GDP growth [8]. Group 3: Focus on Traditional and New Factors - The reform is anticipated to achieve breakthroughs in traditional factor areas such as land, capital, and labor, which have lagged behind in market construction compared to goods and services [10]. - The pilot will also explore the market-oriented allocation of new factors, including data, with initiatives to open high-value data sets to the public and integrate data assets into management systems [12][14]. - Specific initiatives include optimizing land use in Beijing's urban sub-center and exploring innovative management models in the Greater Bay Area [11]. Group 4: Economic Impact and Future Prospects - The pilot regions are projected to account for about 28% of the national GDP, with the market-oriented reform expected to inject significant new momentum into the Chinese economy [22]. - The successful implementation of these reforms could lead to the emergence of new industries and sectors, particularly in data, green energy, and other innovative resources [22]. - The reform is likened to nurturing seeds in soil, where the unified market serves as the soil, and the factors are the water and nutrients necessary for different industries to thrive [20].

Core Viewpoint - The central government emphasizes the importance of deepening the market-oriented allocation of production factors as a crucial support for building a unified national market and nurturing new productive forces [1][2]. Group 1: Significance of Market-oriented Allocation of New Production Factors - The definition of production factors has evolved to include not only traditional resources like land, labor, and capital but also new inputs such as human capital, technology, entrepreneurial spirit, data, and renewable energy [2][3]. - The emergence of new production factors creates significant development opportunities, with resources like data and new energy potentially leading to the creation of new industries and job opportunities [3][4]. - Activating new production factors can drive the commercialization of technological achievements, addressing key bottlenecks and enhancing efficiency [3][5]. Group 2: Highlights of the Comprehensive Reform Pilot - The selection of ten pilot regions is strategic, aiming to explore new directions and issues in the market-oriented allocation of new production factors [4][5]. - Innovative measures in the pilot programs aim to overcome existing challenges in the market-oriented allocation of production factors, such as exempting state-owned capital from certain assessments and promoting data sharing [5][6]. - The pilot approach emphasizes comprehensive reform, combining top-down design with grassroots exploration, allowing for greater local autonomy and systematic reform [6][7].