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China intensifies fair-competition reviews to bolster economy

( August 5, 2024, 06:29 GMT | Official Statement) -- MLex Summary: The deputy head of China's State Administration for Market Regulation, Meng Yang, emphasized in a recent article that strengthening fair-competition reviews is a crucial measure to cope with the downward pressure on the domestic economy, aligning with the enforcement of the Regulations on Fair Competition Review effective from Aug. 1. In a bylined article published in the state-run Economic Daily, Meng revealed that since the establishment and implementation of China's fair-competition review system in 2016, the country has reviewed 1.618 million policies and measures for potential anticompetitive policies. Furthermore, the authorities cleaned up 4.47 million archived documents, and revised or abolished 93,000.The statement follows:...

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