China to Further Promote Competition Policy

On 18 May 2020, China’s State Council issued the Opinions on Accelerating the Improvement of the Socialist Market Economy System in the New Era (“Opinions”).

On 18 May 2020, China’s State Council issued the Opinions on Accelerating the Improvement of the Socialist Market Economy System in the New Era (“Opinions”).

The Opinions points out that China will:

  1. (i)steadily advance the reform of natural monopoly industries and strictly supervise natural monopoly sectors;

  1. (ii)fully implement the Fair Competition Review System, optimize the competition policy framework, establish a sound implementation mechanism for competition policy, and strengthen the fundamental position of competition policy; and

  1. (iii)improve antitrust review system, revise the Anti-Monopoly Law and maintain a level playing field.

(Source: China’s State Council)

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/26/china-to-further-promote-competition-policy/.

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