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China subsidizes local governments for antitrust actions as Beijing flexes regulatory muscles

By Yonnex Li ( January 29, 2021, 06:01 GMT | Insight) -- China's finance ministry will subsidize local governments for their antitrust actions, allocating funds based on their enforcement scorecards following Beijing's top-down order to ramp up the fight against anticompetitive behavior nationwide. The scheme appears to be devised in a way to motivate local enforcers to pursue not only the quantity of cases but also the quality of their investigations.China's finance ministry will subsidize local governments for their antitrust actions, allocating funds based on their enforcement scorecards following Beijing's top-down order to ramp up the fight against anticompetitive behavior nationwide....

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