20th Central Committee emphasizes national standardization to improve efficiency and reduce costs in China's market.

China's 20th Central Committee emphasized the importance of national standardization to build a unified market, as it aims to reduce costs and improve efficiency. Recent progress in logistics has shown a 31.6% decrease in logistics costs and a 10.5% increase in employment. However, challenges remain, including overlapping and conflicting standards, local standards acting as market barriers, and lack of a comprehensive legal framework. To address these issues, the authorities must deepen reforms, create a unified, open, and orderly ecosystem, and focus on core standards in key industries, while improving systemic integration and coordination of standards.

August 10, 2024
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