China Focus: Antitrust probes safeguard competition, tap potential

0 Comment(s)Print E-mail Xinhua, August 21, 2013
Adjust font size:

Intensive investigations into monopoly practices in China have highlighted the country's determination to nurture competition and use market forces to shore up growth.

In contrast to the lackluster performance of antitrust enforcement during the four years since the implementation of the antimonopoly law in 2008, antitrust authorities have cranked up their efforts this year to eradicate monopolies and breed competition.

"Ensuring full competition has become a major task in our economic restructuring," said Zhang Yansheng, secretary-general of the Academic Committee of the National Development and Reform Commission (NDRC).

"The frequent attacks on monopolies show a clear intention from the country's new leadership to deal with the economic slowdown through a more competitive and fair market," said Wang Yong,professor at the school of international studies, Peking University.

The world's second-largest economy has investigated and fined LCD makers, alcohol producers, pharmaceutical companies, milk powder firms and gold stores, sending a clear signal to the market that price-fixing by foreign or domestic investors will not be tolerated.

On the radar for future investigation are the petroleum, telecommunications, banking and auto sectors, said Xu Kunlin, head of the antimonopoly bureau of the NDRC.

In 2011, an investigation began into anticompetitive practices by China Telecom and China Unicom. The two telecommunication behemoths are widely perceived by a disappointed public as having evaded censure, though Xu said last December that the case was not closed.

"Investigating these usually state-owned giants is a crucial juncture for our economic reform," Zhang said.

There are long-standing and widespread complaints about lack of transparency and inflated prices by big names such as Sinopec and China Unicom. Slow moving investigations have undermined public confidence in authorities' determination to end monopolies in the face of vested interests.

"Some companies have been resisting competition under the pretext of national security," said Wang.

"Antitrust moves and national security are not contradictory. In fact, promoting competition means better services, which are conducive to national safety." Wang added.

Although scrutiny of these heavyweights is inevitable as China becomes increasingly adept at wielding the weapon of antitrust regulations, for Zhang, a level playing field is more important.

"Competitive neutrality is what we must strive for," Zhang said, adding that only when all players - state or private companies, foreign or domestic - are required to respect market rules will there be a sound market mechanism that is fair, regulated and transparent.

"Antimonopoly efforts will ensure market order. We must spare no pains in the battle against market malpractice," Zhang said. Endi

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 免费涩涩在线视频网| 国产成视频在线观看| 一级一级一级毛片免费毛片| 日本被强制侵犯亚洲系列播放| 亚洲国产精品成人精品小说| 狠狠色狠狠色综合日日五| 啊灬啊灬啊灬岳| 青青操视频在线免费观看| 国产片欧美片亚洲片久久综合| 91精品久久久| 天堂√最新版中文在线| 一级**毛片毛片毛片毛片在线看| 日本一区二区三区久久| 久久青草精品38国产| 欧美亚洲综合网| 亚洲成av人影片在线观看| 波多野结衣系列无限发射| 免费国产在线观看| 精品在线观看免费| 四虎国产精品免费视| 菠萝蜜视频在线看| 国产在线精品二区赵丽颖| 韩国福利影视一区二区三区| 欧美a级完整在线观看| 亚洲精品免费在线| 用我的手指来扰乱吧全集在线翻译| 十九岁日本电影免费完整版观看| 老师你的兔子好软水好多作文高清| 国产乱码精品一区二区三区中文| 风间由美性色一区二区三区| 性高湖久久久久久久久aaaaa| 伊人色综合一区二区三区| 精品国产综合区久久久久久| 国产69精品久久久久妇女| 超清中文乱码字幕在线观看 | 黄频免费观看在线播放| 好硬好爽好湿好深视频| 中国一级淫片aaa毛片毛片| 无码专区久久综合久中文字幕 | 国产边打电话边被躁视频| 中文字幕在线视频观看|