On November 12, China’s market regulator said it would secure a fair competition between public and private companies. The State Administration for Market Regulation (SAMR) promised to revamp the policy system for competition and stick to the principle of competitive neutrality for state-owned and private enterprises, that is to be neutral in regulation, tax and debt and to treat all market entities fairly and equally. The SAMR will inspect fair competition in an all-around manner and adopt a new regulation mechanism to concretely reduce the burden of the companies. By the end of 2018, it will carry out self-checks on annulling documents that would impede the establishment of a uniform market and fair competition. The administration will also launch special actions to crack down on practices constraining market competition and conduct leading to monopoly, including behaviors of excessive charges, forced transactions and unreasonable trading requirements. The SAMR also decided to establish and improve the mechanism to protect the companies’ intellectual property rights overseas.

Source: Ecns.cn