Off the wire
• Hamas starts training camps for 25,000 Palestinians in Gaza  • Weather forecast for major Chinese cities, regions -- July 25  • Weather forecast for world cities -- July 25  • Beijing and neighbor province exchange officials  • Turkey to create IS free safe zones in Syria for refugees: FM  • iFake: Chinese company busted for mass-producing fake Apple iPhones  • New Horizons discovers haze, flowing ice on Pluto  • Mission Impossible 5 to hit Chinese screen in September  • China Voice: No pauses on the path to a clean and honest administration  • China strives for eco-friendly farming  
You are here: 　 Home

China to build fair competition review mechanism

Xinhua, July 25, 2015 Adjust font size:

China will introduce fair competition reviews into its industrial policy as the country prioritizes a fair, competitive economy, State Administration for Industry and Commerce Chief Zhang Mao said on Saturday.

Zhang said the move was designed to create an open and transparent environment for the market.

A market that has not fully formed an environment of fair competition will hinder economic transformation and upgrade, Zhang said.

Zhang said the reform would help reverse past occurrences when the government chose and allocated resources.

He said such acts could disturb the market and create unfair competition.

In March, China adopted the competition policy in a blueprint for innovation. Endi