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Beijing Sets Up National Anti-Monopoly Bureau: China Daily

Head of Anti-Monopoly Commission of the State Council calls for a better regulatory system to create a fair market environment.


China is putting together a new financial stability security fund that could run into tens of billions of dollars to mitigate risks amid a slowdown that poses a serious threat to its financial system.
Beijing, which has already raised 64.6 billion yuan, or $9.7 billion, aims to put together around $100 billion by September. Photo: Reuters.

 

China set up its national anti-monopoly bureau in Beijing this week in efforts to strengthen supervision of unfair trade practices, China Daily reported.

Speaking at the opening ceremony on Thursday, Wang Yong, head of the Anti-Monopoly Commission of the State Council, called for a better regulatory system to create a fair market environment.

Wang stressed on the administration’s efforts to improve the anti-monopoly regulatory system and maintain a fair market environment, the report said.

Read the full report: China Daily
 


 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.