Chinas market regulator to secure fair competition between public and private firms

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2018-11-11

ChinasmarketregulatoronMondaysa(SAMR)promisedtorevampthepolicysystemforcompetitionandsticktotheprincipleofcompetitiveneutralityforstate-ownedandprivateenterprises,thatistobeneutralinregulation,taxanddebtandtotreatallmarketentitiesfairlyandequally."Wewillstrengthenlawenforcementtoregulatethemarketandenhancemarketfairness."SaidZhangMao,,itwillcarryoutself-checksonannullingdocumentsthicesconstrainingmarketcompetitionandconductleadingtomonopoly,includingbehaviorsofexcessivecharges,forcedtransactionsandunreasonabletradingrequirements."Bytheendof2018,policiesfavoringregionalprotectionismandmarketbarrierswillbeabolished,"Zhangpledged."Wewillunswervinglycorrectbehaviorsexcludingorrestrictingcompetitionthroughadministrativepowerabuse."TheSAMRalsodecidedtoestablishandimprovethemechanismtoprotectthecompaniesintellectualpropertyrightsoverseas."Wewillcutredtapetocreateanopenandtransparentenvironmentformarketaccessandprovidemoreefficientserviceforprivateenterprises,"tember2018,surbanemploymentand90percentofitsnewjobs.。