China says move to curb disorderly expansion of capital has

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China says move to curb disorderly expansion of capital has

Beitragvon geemong » 31 Aug 2021, 10:50

China says move to curb disorderly expansion of capital has shown initial results- state media

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China's move to curb disorderly expansion of capital has shown initial results, state media quoted a top-level meeting as
saying on Monday.

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Since late 2020, Beijing has been advocating "the prevention of disorderly expansion of capital", kicking off a clampdown
on tech giants and private education firms.

The campaign has been focused on preventing "savage growth" of some platform companies in a bid to deal with their
monopolistic and unfair competition behaviors, state media said.

"Initial results have been achieved in preventing disorderly expansion of capital, and the fair market competition order
has been steadily improving," state media quoted the meeting on deepening reforms, chaired by President Xi Jinping,
as saying.

China will pay equal attention to supervision of companies and their development, guiding firms to support the country's
overall economic and social development, stte media quoted the meeting as saying.

China will improve its market access system and fair competition supervision system for the digital economy, it said.
geemong
 
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