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China needs 'super-large' market to ward off external risks, SAMR's party group says

By MLex Staff ( January 17, 2024, 08:15 GMT | Insight) -- China is endeavoring to dismantle administrative monopolies and build a nationwide market, as the country counts on an exceedingly large domestic market to stave off risks arising from abroad, a group of Communist Party leaders at the antitrust regulator said. The external challenges were highlighted today when the Chinese statistics bureau said rising "complexity, severity and uncertainty" in external conditions are posing challenges to the country's economy, which slightly beat government expectations to grow by 5.2 last year.China is endeavoring to dismantle administrative monopolies and build a nationwide market, as the country counts on an exceedingly large domestic market to stave off risks arising from abroad, a group of party leaders at the antitrust regulator said....

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