Cabinet unveils guideline to ensure fair competition
Updated: 2014-07-09 10:32
(Xinhua)
|
|||||||||||
BEIJING - China's State Council, the country's cabinet, on Tuesday unveiled guidelines to "promote fair market competition" and "safeguard normal market order."
The guideline is meant to let the market play a decisive role and let the government play a better role in allocating resources, and to correct the problem of "incomplete market system, excessive government intervention and insufficient regulation," said the State Council.
To achieve the goal, the State Council first urged a relaxation of market access, saying the government should not restrict any market access unless the investment activities are forbidden by law or harm the interests of a third party, public interest or national security.
According to the guideline, market regulation will be strengthened and monopolies or unfair competition will be harshly penalized.
The State Council aims to establish a market regulatory system featuring sophisticated mechanisms and clearly defined rules and regulations by the end of 2020.
|
|
Top 10 smartphones with highest radiation | Results from China-US dialogues since 2009 |
Related Stories
Cabinet to issue list of approved business charges 2014-06-27 07:06
Cabinet calls for new share listing system 2014-05-10 07:55
Pro-growth economic initiatives announced 2014-04-03 07:54
China unveils policy to boost creative industry 2014-03-14 17:39
Charting State Council's reform 2014-03-11 16:10
China integrates rural, urban pensions 2014-02-14 10:19
Today's Top News
China, Germany join hands to drive growth
Meet foreigner breed of workers
Product placement deal backfires
From Westlife to the East
Gambling costs World Cup fans their lives
US supports Ukraine's decision to suspend ceasefire
It's all about making a spectacle
China likely to see 7.5% growth in second quarter
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
China helps fight international war on drugs |
Crackdown on terrorist attacks |
My China Story: Meeting the master |
Long march to end employment bias |
Variety is the spice of academic life |
Documents prove the truth can't be buried |