China unveils priority tasks targeting illegal fees, cutthroat competition
( May 18, 2026, 06:17 GMT | Official Statement) -- MLex Summary: China's top market regulator will issue new rules targeting illegal business fees as part of a 34-point plan this year to bolster the private economy. The State Administration for Market Regulation will also release an action plan to govern "low-price disorderly competition," accelerate revisions to fair competition review rules, and explore amending regulations that prohibit "low-price dumping," it said in a statement on Sunday. These legislative efforts form part of broader efforts to curb excessive competition among domestic companies.Statement follows....
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