Justin Yifu Lin, dean of the Institute of New Structural Economics at Peking University, told China Perspective in a recent exclusive interview that China is expected to step up policy efforts next year to address key bottlenecks in building a unified national market.

He noted that these bottlenecks include local protectionism and barriers to the circulation of goods and the free flow of factors of production.

While China has a super-large domestic market, Lin said fully leveraging that advantage requires organizing production according to regional comparative advantages and systematically removing existing market barriers.

Ma Mengmeng, Song Yi and Xu Yadi (intern) contributed to the story