Global EditionASIA 中文雙語(yǔ)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.欧美.中文字幕在线观看| 特级做A爰片毛片免费看无码 | 无码一区二区三区在线观看| 亚洲av无码成人精品区在线播放| 亚洲VA中文字幕无码一二三区| 亚洲VA中文字幕无码毛片| 精品一区二区三区无码免费视频 | 久久精品?ⅴ无码中文字幕| 免费AV一区二区三区无码| 无码午夜成人1000部免费视频| 久久久久综合中文字幕| 中文亚洲AV片不卡在线观看| 无码任你躁久久久久久| 精品欧洲av无码一区二区三区 | 日韩免费无码视频一区二区三区| 亚洲福利中文字幕在线网址| 无码中文av有码中文a| 亚洲国产av无码精品| 777久久精品一区二区三区无码| 日韩免费人妻AV无码专区蜜桃 | 亚洲AV无码成人精品区蜜桃| 无码人妻精品中文字幕免费东京热| 天堂√最新版中文在线天堂| 中文字幕人妻无码专区| 中文字幕无码不卡免费视频| 亚洲人成无码网WWW| 亚洲日韩VA无码中文字幕| 中文字幕无码播放免费| 欧美日韩久久中文字幕| 亚洲中文字幕日产乱码高清app | 中文字幕人妻丝袜乱一区三区| 亚洲精品97久久中文字幕无码| 久久亚洲精品无码播放| 无码的免费不卡毛片视频| 亚洲成a人在线看天堂无码| 中文字幕aⅴ人妻一区二区| 人妻丝袜中文无码av影音先锋专区| 一本一道AV无码中文字幕| 精品久久久久久无码中文字幕| 欧美日韩不卡一区二区三区中文字| 中文字幕亚洲无线码a|