Dezan Shira are reporting the following..
China is getting serious about its crackdown on monopolies and has elevated the position of its market regulator’s antitrust investigative unit. In this article, we discuss the latest developments and creation of the new Anti-Monopoly Bureau.
What happened
On November 18, State Councillor and Director of the Anti-Monopoly Committee of the State Council, Wang Yong, attended the listing ceremony of the State anti-Monopoly Bureau, emphasizing at the event how necessary he believes it is to strengthen fairness of competition. Wang highlighted that the addition of the State Anti-Monopoly Bureau to the State Administration of Market Supervision (SAMR) is intended to reflect the commitment of the government to anti-monopoly crackdowns.
Previously, anti-monopoly regulations in China were managed by the State Council and run by three departments under the Ministry of Commerce, National Development and Reform Commission, and former State Administration for Industry and Commerce. After the 2018 institution reform, this was assigned to the SAMR and its anti-monopoly department.
Read the full article at. https://www.china-briefing.com/news/china-sets-up-new-anti-monopoly-bureau-strengthens-antitrust-investigation-capacity/
