North China's Inner Mongolia autonomous region recently held a news conference to introduce its market regulation plan for the 14th Five-Year Plan period (2021-25).

The blueprint clarifies the overall goals of the region, centering on "holding the bottom line of safety, focusing on people's livelihood concerns and serving the overall development situation."

By 2025, Inner Mongolia is projected to have established a modern market system that is unified, open, orderly and competitive, as well as honest and law-abiding, with strong and exacting regulation. In addition, it is seen as providing a fair, transparent and predictable business environment.

Meanwhile, the plan puts forward five important anticipation indicators, including the number of high-value invention patents per 10,000 people and the on-schedule response rate to consumer complaints. The remainder comprises the qualifying rate of quality manufacturing products, satisfaction about the quality of public services and the establishment of a standard system that promotes high-quality development.

The plan has also outlined an additional six important indicators -- including the coverage rate of random inspections of items lists, the handling rate of food inspection problems and the pass rate of  basic medicine inspections.

Additionally, the plan proposes a "4+4" task model, including the establishment of a relaxed and convenient market access environment, a fair and orderly market competition environment, a safe and secure consumption environment and a high-standard quality development environment.

The balance of the model involves the building of a modern market regulation system, establishment of a high-efficiency comprehensive law enforcement system, improving a diverse and integrated collaborative co-governance system and consolidating a basic support system for market regulation.