China’s Central Committee and State Council: Enhance Market Access Mechanisms, Reinforce Antitrust and Anti-Unfair Competition Measures
11 hour ago / Read about 0 minute
Author:小编   

The Central Committee of the Communist Party of China and the State Council have jointly released the Opinions on Fostering New Quality Productive Forces. This document outlines strategies to refine the market regulatory framework, with a particular focus on enhancing the market access system and intensifying efforts against monopolistic and unfair competitive practices. Concurrently, it underscores the importance of bolstering governance in emerging fields such as artificial intelligence and biotechnology. The Opinions advocate for the implementation of cross-departmental collaborative oversight, the innovation of regulatory approaches, a reduction in on-site inspections, the exploration of data-informed regulatory models, and the advancement of intelligent supervision capabilities. Furthermore, the document highlights the necessity of establishing an efficient intellectual property management system, enhancing punitive compensation mechanisms, and exploring tax systems tailored to accommodate new business models.