China’s economy faces a shrinking market, both in terms of exports and on the domestic front. China’s State Council General Office issued a notice on “Several Measures to Accelerate the Merging of Domestic Trade and International Trade Together” on December 11, 2023, with the intention of allowing companies that are facing hard times in their primary market to seek opportunity in the other market.
The notice mentioned policies such as consolidating the domestic and international trade standards; advancing the uniformity of domestic and international trade products in production line, standards, and quality; supporting foreign trade enterprises in expanding the domestic market; supporting domestic trade enterprises in expanding the international market, etc.
Source: China government website, December 11, 2023
https://www.gov.cn/zhengce/content/202312/content_6919596.htm