Off the wire
• China issues first certificates for overseas NGOs  • Thousands of illegal apps taken offline in south China  • Burundi launches release of pardoned political prisoners  • Singapore's CPI rise for 1st time in 2 years  • Transport on Slovak side of Danube halted due to ice  • China sincere about improving ties with Vatican: FM  • Thailand awaits British verification over Rolls-Royce bribery scandals  • Laos impounds over 5,000 illegally imported vehicles during 2015-2016  • Gov't panel report shows split of opinions over emperor's possible abdication in Japan  • Iranian soccer league standings  
You are here: 　 Home

China to improve market regulation by 2020

Xinhua, January 24, 2017 Adjust font size:

China will work to improve market regulation by 2020 to safeguard fair competition, according to a government plan.

The State Council Monday released a five-year plan on market regulation, setting guidelines for reform in commerce and market supervision.

The plan said that by 2020, China aimed to build an innovative market, supportive of entrepreneurship, fair competition and honest business practice. The market would also be convenient, international and ruled by law.

China will establish unified and transparent market access rules and boost reform in the commercial registration system to improve market access, according to the 2016-2020 plan.

It said the Chinese government would also make efforts to create a fair and orderly business environment by enhancing law enforcement and strengthening market regulation.

The plan said that measures would be taken to better protect consumer rights to create confidence in purchases, with particular focus on the elderly, children and the rural market. Endi