China to tighten antitrust legal enforcement

China to tighten antitrust legal enforcement
China to tighten antitrust legal enforcement - new antitrust bureau head© Reuters. FILE PHOTO: A security surveillance camera overlooking a street is pictured next to a nearby fluttering flag of China in Beijing, China November 25, 2021. REUTERS/Carlos Garcia Rawlins

BEIJING (Reuters) – China’s antimonopoly bureau will step up legal enforcement against monopolistic behaviour and push forward the amended antimonopoly law to improve the regulatory framework, said Gan Lin, chief of the national antimonopoly bureau.

China last month elevated the seniority of the market regulator’s antitrust unit, the National Anti-monopoly Bureau, and appointed Gan as chief, a move which would help antitrust investigators gain resources when examining mergers and acquisitions.

Gan said China still faces “insufficient punishment” for some monopolistic activities, while some antitrust regulations remain at the elementary level.

“With the rapid development of the digital economy, and new industries and business models emerging…

Continue reading

Leave a Reply

Your email address will not be published. Required fields are marked *