China Sets Up Anti-monopoly Commission

From China Daily:

The National Anti-Monopoly Commission was set up on Friday to better enforce China’s first anti-monopoly law to uphold fair competition.

The new coordination body is directly under the State Council. The National Development and Reform Commission, Ministry of Commerce and the State Administration for Industry and Commerce have taken part of the responsibilities of the new commission.

The announcement came after the anti-monopoly law took effect on Friday. The law, dubbed the “constitution for the market economy”, was first proposed 15 years ago but was not passed until last year.

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