Yangtze River Economic Belt Aims to Unify the Market.docVIP

Yangtze River Economic Belt Aims to Unify the Market 　　On October 25， 2014， the financial leaders of nine provinces and two municipalities along the Yangtze River， which are Shanghai， Jiangsu， Zhejiang， Anhui， Jiangxi， Hubei， Hunan， Chongqing， Sichuan， Guizhou and Yunan， gathered together in Wuhan， Hubei. 　　On that day， the first Financial Forum of Yangtze River Economic Belt was held in Wuhan. Regional interaction and cooperation， regional financial center and the unified market system of Yangtze River Economic Belt became the key words most mentioned in this forum. 　　Since the issuance of The Guiding Opinions of Promoting the Development of Yangtze River Economic Belt with Golden Water courses （hereafter Opinions） by China’s State Council in September 2014， there are more and more similar joint conferences， showing the increasingly stronger will of all places to build a unified market. 　　To form a united market and to break the administrative barrier and local protectionism are the keys to unlocking the“dividends of reform”. 　　Peng Zhimin， President of the Yangtze River Economic Research Institution at Hubei Provincial Academy of Social Sciences， says that the grand market in the Yangtze River Economic Belt is far from being unified because of the great administrative power. In the middle reach of Yangtze River particularly， the less developed economy raised local governments’need to set up thresholds for outsiders in consideration of protecting local enterprises， taxation and employment. This leads to the segmentation of the market. 　　In Peng Zhimin’s opinion， the government should intervene in the market less frequently. The provinces and municipalities should begin their cooperation with the sectors less influential for local employment， taxation and key enterprises and gradually promote the reform. 　　 Traffic Integration Taking the Lead 　　The Yangtze River is more than 6，300 kilometers long in total and provides 36.5% of the water resources， 48% of