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China Soon to Release 13th Five-Year Plan for Development of Domestic Trade

The top-level design for guiding the development of domestic trade and circulation in the next five years, that is, the 13th Five-Year Plan for the Development of Domestic Trade and Circulation, is expected to be released soon. A two-year action plan and 10-year action programme will also be launched.

The 13th Five-Year Plan for the Development of Domestic Trade and Circulation will underscore the supply-side structural reform and the strategy of upgrading and developing the circulation system.

The two-year action plan will call for spending about two years to implement the “action plan for speeding up the innovation of domestic trade and circulation, promoting the supply-side structural reform and expanding consumption” in a bid to deepen the reform of the circulation system and strengthen innovation and transformation; and to deeply implement the “internet + circulation” action, optimise the supply structure and focus on resolving the mismatching of supply and demand.

Under the 10-year action programme, the China Circulation 2025 Action Programme will be formulated and implemented with the aim of building China into a country with a strong circulation industry that has reached advanced international levels in its information technology, standardisation and intensified management, forming a better system of laws and regulations and a more efficient system of circulation governance. As well, a modern circulation system will be built with integrated regional development, integrated urban and rural development and integrated development of domestic and foreign trade, so that the “China channel” becomes a new winning edge for global competition.

The General Office of the State Council gave its reply on approving the launch of a comprehensive pilot programme on the reform and development of the domestic trade and circulation system in Shanghai and eight other cities on 7 August 2015. Experience gained in the reform of the circulation system in the pilot cities will be used to promote the establishment of a unified and efficient circulation management system featuring openness and orderly competition. Subsequently, a one-year comprehensive pilot programme was launched in nine cities (Shanghai, Nanjing, Zhengzhou, Guangzhou, Chengdu, Xiamen, Qingdao, Huangshi and Yiwu). This year-long pilot programme has now come to an end.

The pilot reform has produced the anticipated results. The experience gained includes the establishment of the Yangtze River Delta regional market integration and co-operation mechanism with Shanghai as the coordinator, which serves to break down regional barriers and promote regional market integration. It also includes the trial implementation of a management model based on the market access negative list and the administrative management power list, for domestic trade and circulation, and the establishment of a new model of circulation governance with commercial credit at the core. Qingdao gave the local legislation pilot for commodity circulation a positive leg up when it promulgated the Regulations for the Building and Management of the Commodity Circulation Market in Qingdao. Xiamen has also established its circulation infrastructure planning assurance mechanism for the collaborative platform shared by different development plans and its system of land use assignment consultancy for large commercial establishments.

Content provided by Picture: HKTDC Research
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