China's Premier Li Qiang signs decree for fair competition reviews, effective from August 1.

China's Premier Li Qiang signs State Council decree for fair competition reviews, effective from August 1. Administrative agencies and organizations authorized to manage public affairs must conduct such reviews when formulating laws, rules and policies related to business activities. Regulations emphasize specific standards, including not restricting market entry or exit, free flow of goods, and considering stakeholders and public opinions to safeguard their interests. China's new development paradigm focuses on a unified national market.

June 13, 2024
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