Regulations seek to create fairer competition

China brought into force new regulations for fair competition reviews in August, as part of the country's efforts to create a level playing field that benefits businesses of all types and builds a unified domestic market free from regional protectionist practices, officials and experts said.

The move came after the third plenary session of the 20th Central Committee of the Communist Party of China in July reiterated the paramount importance of removing rigid constraints on fair competition review, intensifying efforts against monopolistic practices and unfair competition.

This policy mandates that any regulations, normative documents and policy measures formulated by government agencies, which involve the economic activities of market entities such as market access, industrial development, investment attraction and bidding processes, must undergo a thorough review from the perspective of fair competition.