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Administrative monopolies threaten China's private sector, advisors warn

By MLex Staff ( November 4, 2024, 07:16 GMT | Insight) -- Administrative monopolies are more harmful, widespread and longer-lasting than economic ones in hindering China’s private sector growth, two state advisors warned in the Study Times, a core Communist Party School publication. Wang Liming and Wang Xianlin, senior advisors at the expert advisory group of the Antimonopoly and Anti-Unfair Competition Commission of China's cabinet, made the comments while endorsing the country's recently released draft law to promote private business.Administrative monopolies are more harmful, widespread and longer-lasting than economic ones in hindering China’s private sector growth, two state advisors warned in the Study Times, a core Communist Party School publication....

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