An essential objective of Chinese authorities in the new era is to move away from an exports driven economic model of development of productive forces, to one that pivots toward the development of internal markets under the guidance of the political vanguard and instrumentalized as a tool for the achievement of the political objectives of the nation. The shift reflects the movement from the principal contradiction of the Deng Xiaoping Era (grounded on economic development and connectivity through economic production) to the principal contradiction of the New Era that emerged from the time of the leadership of Xi Jinping (centered on the more equitable distribution of wealth generated from the development of productive forces and the development of cultural and social wealth).
It is far easier, however, to decree the realignment of macro-economic development, and its values and objectives; it is quite another to fully implement that transformed ideal. A critical element in that transformation touches on the development of an institutional structure for the operation of a unified national market. In the United States the process of national unification of markets took almost a century and required both direction from the state, cultural changes about the value of transactions and the meaning of internal borders, and a series of key judicial decisions about the allocation of authority over the management of the national economy. China faces a number of different obstacles. The difference, of course, is both a function of the context of Chinese economic development, technology, and the political-economic model through which unification and markets characteristics can be understood and developed.
Under the Chinese model, guidance of the central authorities is an essential element of change. And that guidance must reflect both the leadership of the political center (the Chinese Communist Party and its core of leadership),and the more functionally directed orientation of the administrative authorities (and their core leadership organs). That guidance is conceptual (the meaning of essential terms, the alignment of terms to core political values, and the connection between the market and the political system). In China, the relationship between politics, and political objectives, and economics is in some respects quite distinct conceptually at least from that in liberal democracies. Politics, of course (however denominated) always shapes economics; but economics also shapes politics in both systems. Yet there is a difference in focus and values. It might be useful to frame the differences, if only horribly crudely, this way: in some respects politics serves markets in liberal democracies (at least in the sense of providing structures for the protection of market integrity), though markets and market values are informed informed by and through political discourse. Likewise, in a Chinese Marxist Leninist conceptual universe, markets serve politics, and politics serves the vanguard in its core objectives of people centered transformation of society leading toward the establishment of a communist society (only possible when wealth is great enough to be irrelevant as a factor of social organization). Markets are the vehicle for the production of that wealth (and now for the structures of its distribution). Markets are not ends in themselves, but the means of achieving larger objectives under the leadership of the vanguard; and wealth is produced for social and political ends.
It is with the in mind that one can better understand the recently distributed White Paper: 中共中央 国务院关于加快建设全国统一大市场的意见 (Opinions of the Central Committee of the Communist Party of China and the State Council on Accelerating the Construction of a Large Unified National Market). The object, of course, is not merely to conceptualize a national market on liberal democratic terms, but rather to better develop a concept of a unified market as a more perfect instrument of political objectives related to the challenges of the principal contradiction of the New Era--wealth production (broadly defined) and its better distribution. A secondary, but also important object, is to reframe instrumentalized market strategies from its focus on outbound activity, to the construction and internal markets and self-generating wealth creation. Both are necessary given the great transformations of the global economic order after 2013--the de facto rejection of convergence and singular integration, for a hub and spoke model of integration from a principal hub through spokes defined by control of production and resource chains.
It is also driven by the increasing importance of
notions of security. Security, of course, takes on a number of meanings. A new and important one is
security against sanctions regimes imposed by other states (principally the US and Europe).
More generally these touch on the consequences of economic detachment especially between the great economic hubs and the realignment of hubs (BRI, America First, Brussels Effect states, etc.). These would be linked to national security and sovereignty concerns. Another is
security as integrity of markets to ensure they serve their purpose (with institutional, anti-corruption, and coordination elements). Yet another is
national integrity security (the use of markets as a means of more intimately linking all of the national territory and its autonomous regions). Lastly, one can speak to
managerial security (in the form of the modalities of market supervision, through qualitative and quantitative measures, and the development of industry specific quality and compliance programs). One of the most interesting aspects of the White Paper was its focus on the coordination of regional systems of punishments and rewards to prevent provinces and regions from using oversight authority strategically to subsidize its local industry and penalize market activity originating elsewhere (Section2). The connections between data governance (grounded in but not limited to social credit regimes) as an important vector for achieving a national market are also unmistakable. All of these security notions are much in evidence in the White Paper.
For those interested in the details, and the White Paper is rich in detail worth exploring in a more granular fashion, thew text of 中共中央 国务院关于加快建设全国统一大市场的意见 (Opinions of the Central Committee of the
Communist Party of China and the State Council on Accelerating the
Construction of a Large Unified National Market) follows below in the original Chinese and in a crude English translation.