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Supervision of Fair Market Competition Tightened

Five Chinese departments related to market supervision issued rules for the supervision system of equal and fair competition on July 8.

By NewsChina Updated Sept.1

Five Chinese departments related to market supervision issued rules for the supervision system of equal and fair competition on July 8.  

The rules aim to promote the supervision system of fair and equal market competition that was established in 2016. The State Administration for Market Regulation said that relevant departments have revised or abolished more than 30,000 obsolete documents and corrected over 4,100 policies and measures against the supervision standard in the last five years.  

The new rules clearly order local departments to never restrict fair and equal competition when working out market policies, not to launch policies that discriminate against non-local and foreign bodies or implement any discriminatory pricing against non-local or foreign products. 
 
The rule also forbids any department from forcing a business operator to get involved in monopolies banned in China’s Anti-Monopoly Law or illegally order them to disclose sensitive information.  

Officials said the next task is to promote the rules and tighten supervision of how they implement them. 

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