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    【托业英语阅读】Antitrust officials: All firms treated equally

    2018-11-21 09:05:49 来源:商务部 人气:8

      Antitrust officials: All firms treated equally

      November 19, 2018 - 02:42 BJT (18:42 GMT)   Economic and Commercial Counsellor’s Office in South Africa

      China's top antitrust authority will continue treating foreign and domestic companies equally, as it is on the way to completing a sweeping institutional reform, senior officials said on Friday.

      Wu Zhenguo, director of the anti-monopoly bureau of the State Administration for Market Regulation, said all companies are equal in the enforcement of China's anti-monopoly law, and there is no selective practice targeting foreign-funded or overseas enterprises.

      The State Administration for Market Regulation was established earlier this year to unify China's anti-monopoly functions, previously scattered in three ministries-the State Administration for Industry and Commerce, the Ministry of Commerce and the National Development and Reform Commission.

      Around 41 percent of antitrust cases investigated by the former State Administration for Industry and Commerce involved State-owned enterprises, with foreign-funded ones only accounting for about 10.7 percent, Wu said at a news briefing.

      According to Wu, the authority will step up the push to perfect regulatory mechanisms as part of China's broader efforts to create a level playing field for all companies and to build an open and modern market system.

      Gan Lin, vice-minister of the State Administration for Market Regulation, said the institutional reform has already been completed in the central level of the administration, and the overhaul of its local branches will be done by the end of December.

      According to Gan, the agency is unifying law enforcement standards and setting up an anti-monopoly database as well as an expert consulting system to better regulate the market.

      China is also working to amend its anti-monopoly law, which was enacted 10 years ago. The amendment effort aims to make the law more adaptive to rapidly changing social and economic environments, Gan added.

      "We have already finished a draft version of the amendment. But it will take some time to get it through," she said.

      In the past 10 years, China has handled 165 monopoly agreement cases, and 55 cases involving companies abusing their market dominance position. The total penalty exceeded 11 billion yuan (US$1.6 billion), data from the antitrust authority show.

      As of October, the nation has also processed more than 2,400 cases involving concentration of undertakings or merger proposals that could lead to distortion of competition.

      Wei Shilin, senior partner at the law firm Dentons Beijing, said China has made big progress in competition laws in the past decade.

      "I am eagerly waiting for the amendment to the antitrust law. Having anti-monopoly execution in one agency is also an efficient way to boost transparency in market regulation," Wei said.

      On Friday, the top antitrust authority also said it has already made important progress in its probe of three dominant chipmakers: Samsung, SK Hynix and Micron, over possible price fixing.

      The agency has obtained and screened evidence from these companies and their downstream partners. The next step is to focus on how to define the case itself, the companies' market dominance position as well as their relevant practices, the antitrust authority said.


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  • 【诗会马克思】第四期 :《怪影》节选 2019-03-11
  • 雷佳音颁奖礼上打哈欠被拍 成功抢镜 2019-03-01
  • 人民日报大家谈:激活乡村振兴的文化动力 2019-02-27
  • “善款资助副局长儿子留学”真相须尽快落地 2019-02-26
  • 集体所有大锅饭,生产队求工分值,每一分钱都是自己劳动辛苦得来的,还为国家做贡献——交公粮;为工业发展——提供原材料。 2019-02-26
  • 荆楚网网络视听节目许可证 2019-02-25
  • 贪官腐败“画像”系列特稿 2019-02-25
  • 精打细算会过日子 这三款小型SUV保养很便宜 2019-02-24
  • 这是全国精气最为集中的地方 被称为中国丹田所在 ——凤凰网房产 2019-02-24
  • 国家税务总局辽宁省税务局正式挂牌成立 2019-02-22
  • 每天吃水果什么时间吃最好? 2019-02-17
  • 智媒云图(Intell Vision):植物识别 2019-02-15
  • 伤狼悲喜剧拷问法理情 2019-02-15
  • 同一个世界,同一个银行,这样的银行能参与国际竞争吗?女子去银行取钱:柜员递出一张纸 写着公安局地址 2019-02-12
  • 西部网(陕西新闻网)www.cnwest.com 2019-02-06