Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Policies

    Nation strengthening antitrust enforcement

    By Ma Si and Wang Zhuoqiong | China Daily | Updated: 2021-07-09 07:00
    Share
    Share - WeChat
    File photo shows the exterior view of Shanghai Stock Exchange at Pudong New Area in Shanghai.[Photo/Xinhua]

    China has never made and will never make antitrust enforcement a tool for geopolitics, and the nation always treats all entities, whether State-owned, foreign or private enterprises, equally and fairly, said a senior official from the country's top market regulator.

    The comments came as China joins other nations in stepping up regulation of big tech companies and strengthening antitrust enforcement to ensure the healthy development of internet economies.

    Wu Zhenguo, director of the anti-monopoly bureau of the State Administration for Market Regulation, said anti-monopoly law is fundamental to international trade and economy, and geopolitical climate never affects China's anti-monopoly law enforcement.

    Wu made the comments in a written interview with Antitrust Source, an online periodical edited and published by the American Bar Association.

    According to Wu, strengthening communication and cooperation between China and the United States in the anti-monopoly field is in the common interests of the enterprises and people of both countries.

    "We hope to work with our counterparts in the US to accelerate the negotiation and signing of a new Sino-US memorandum of understanding on antitrust cooperation," Wu said.

    He said Chinese companies' overseas business operations should be treated fairly and not subject to unprovoked investigations, accusations or blockades that harm not only Chinese companies, but also US companies.

    "In the future, we will strengthen Chinese companies' overseas antimonopoly compliance and provide them with necessary guidance and assistance," Wu added.

    Given that the thriving digital economy brings about competition issues while promoting economic development, the senior official said beefing up anti-monopoly law enforcement in key sectors, including platform enterprises, is a top priority for the regulator this year.

    On Wednesday, the administration imposed 22 fines of 500,000 yuan ($77,000) each on tech giants including Alibaba Group Holding, Tencent Holdings and Didi Global for a series of violations of the antimonopoly law related to merger deals over the past years.

    Wu said that for digital platforms, the "winner takes all" effect is prominent, and strong players normally grow even stronger. This is an area prone to a situation in which one or several players dominate.

    Sun Nanxiang, a researcher at the Chinese Academy of Social Sciences' Institute of International Law, said the ultimate purpose of antitrust measures is to leverage legal tools to restore fair and effective competition to the market.

    US tech giants like Google, Apple and Amazon have faced continuous scrutiny and fines from government authorities worldwide for monopolistic behavior in recent years. European Union regulators hit Google with a 4.34 billion euro ($5.14 billion) antitrust fine in 2018 for using its Android mobile operating system to squeeze out rivals.

    On Thursday, the top Chinese antitrust regulator and four other government departments jointly issued a detailed regulation on a fair competition reviewing system.

    The top regulator said it will further break barriers in regional markets to safeguard fair competition and market orders. The new rules have highlighted the wider implementation of the review system by emphasizing the role of the joint review mechanism among governments from ministerial to county level.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    亚洲国产人成中文幕一级二级 | 人妻丰满熟妇av无码区不卡| 99国产精品无码| 直接看的成人无码视频网站| 午夜亚洲av永久无码精品| 无码人妻久久一区二区三区| 最近中文字幕在线| 亚洲高清无码在线观看| 人妻少妇伦在线无码专区视频| 欧美日韩中文字幕在线| 中文无码精品一区二区三区| 无码精品人妻一区二区三区漫画 | 在线观看无码AV网站永久免费| 亚洲AV无码一区二区三区DV | 精品深夜AV无码一区二区老年| 久久亚洲中文字幕精品一区| 本免费AV无码专区一区| 无码无套少妇毛多18PXXXX| 日韩精品无码一区二区三区四区 | 一级片无码中文字幕乱伦 | 亚洲一区二区无码偷拍| 麻豆aⅴ精品无码一区二区| 亚洲精品无码久久一线| 亚洲欧洲中文日韩av乱码| 亚洲日本中文字幕| 亚洲av中文无码乱人伦在线咪咕| 日产无码1区2区在线观看| 久久av高潮av无码av喷吹| 国产白丝无码免费视频| 成年无码av片在线| 国产成人无码精品久久久免费| 成人无码视频97免费| 国产免费无码一区二区| 亚洲国产a∨无码中文777| 亚洲级αV无码毛片久久精品| 亚洲中文字幕无码久久综合网| 精品无码一区二区三区在线| 人妻丰满熟妇aⅴ无码| 久久精品亚洲AV久久久无码| 亚洲VA中文字幕不卡无码| 无码人妻品一区二区三区精99|