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Release date:2018-11-07 Author:XINHUA Click:

Chinese regulator to secure fair public, private firm competition

BEIJING, Nov. 5 (Xinhua) -- China's market regulator on Monday said it would secure a fair competition between public and private companies.

The State Administration for Market Regulation (SAMR) promised to revamp the policy system for competition and stick to the principle of competitive neutrality for state-owned and private enterprises, that is to be neutral in regulation, tax and debt and to treat all market entities fairly and equally.

"We will strengthen law enforcement to regulate the market and enhance market fairness." Said Zhang Mao, minister of the SAMR.

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