China proposes specialized anti-monopoly agencies

13:23, January 04, 2011      

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China will establish a special agency for anti-monopoly enforcement, according to the website of the country's top economic planner.

China's National Development and Reform Commission (NDRC) recently formulated detailed regulations against price monopolies, which forbid enterprises from reaching price fixing agreements and other price monopoly activities.

Meanwhile, government authorities and administrative organizations are urged not to force enterprises to engage in monopoly pricing or to limit price competition.

The NDRC vowed to enhance regulatory enforcement against price monopolies and launch inspections of key industries. The NDRC, the Ministry of Commerce and the State Administration for Industry and Commerce (SAIC) will work together to crack down on monopolies in order to achieve a fair market environment.

By People's Daily Online


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