General Administration of Market Supervision: Resolutely Rectify the Behavior of Squeezing the Development Space of Other Business Entities by Taking Advantage of Market Superiority

Recently, Luo Wen, secretary and director of the Party Leadership Group of the State Administration of Market Supervision and Administration, said in an interview with Xinhua News Agency that we should adhere to the combination of effective market and promising government to promote the construction of a strong domestic market.

He pointed out that in view of the "involution" competition problems in some areas, the market supervision department will focus on maintaining a healthy competitive market order, strengthening anti-monopoly and anti-unfair competition law enforcement, resolutely rectifying the use of market advantages to squeeze the development space of other business entities, and optimizing the anti-monopoly review rules for the concentration of operators. We will better guide and regulate investment and mergers and acquisitions; strengthen compliance guidance and regulatory norms on excessive low-price competition among enterprises, thoroughly deal with prominent problems such as counterfeit and inferior products, false publicity, low-price dumping and illegal advertising, and promote the formation of a good pattern of high-quality, high-price and benign competition.