China’s Market Regulator: Will continue to strengthen anti-monopoly measures

China’s Minister of State Administration for Market Regulation Zhang Gong said Monday, “in next steps the regulator will continue to strengthen anti-monopoly measures,” adding that “Beijing will enhance transparency and predictability of policies”

Additional comments

China committed to upholding both public and private sectors.

China needs to respect general law of market economy, improve legal framework for fair competition.

Will strengthen regulation to prevent disorderly expansion of capital.

Will continue to advance high quality opening up, balance both development and security

Believes platform economy will continue to play a positive role, but rapid development comes with risks.

Major platform business can use data, capital advantages to undermine competition.

China's platform economy has helped promote innovation, improve resource allocation.

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