By LI Linxu

As part of a national effort, a unified domestic technology transfer market will be built, according to a guideline released on April 10.

With a population of over 1.4 billion and a middle-income group of more than 400 million people, China's super-large market is unique in the world.

The market is the scarcest resource in today's world, said an official from the National Development and Reform Commission (NDRC), adding that the potential of the county's super-large market is still yet to be explored for technology innovation and industrial upgrading.

Shanghai Technology Exchange exhibited in a show. (PHOTO: VCG)

With regard to the technology sector, the guideline proposes to accelerate the development of a unified technology market, citing measures such as establishing a national technology trading market, improving intellectual property evaluation and trading mechanism, and promoting the interconnectivity of a regional technology trading market.

Meanwhile, China will also take measures to elevate the sharing service system of sci-tech resources, encourage communication and interaction of sci-tech information among regions, and promote the opening and sharing of major R&D infrastructure and instrument, as well as enhancing international cooperation in the field of science and technology.

Rather than promoting a closed domestic cycle, building a unified market will help domestic and international cycles reinforce each other by making effective use of global factors and market resources and better connecting the domestic market with the international market.

Efforts will be made to improve a unified property rights protection system, implement a unified market access system, maintain a fair competition system, and optimize a unified social credit system.

In addition, the country will advance a unified commodity and service system, and improve the quality and standard system, said the guideline,which calls for making breakthroughs in a series of measurement technologies.

The guideline marks China's latest move to deepen market-oriented reforms and inject more dynamism into market entities, which will propel the country's high-quality development and sustainable growth.