China Reaffirms Commitment to Fair Competition for Foreign Companies

| BY

Marilyn Romero

China's policy makers have boosted efforts to tackle unfair competition in recent months, but foreign companies remain skeptical of whether policy and legislation will actually translate into practice.

In his speech to the Second Session of the 13th National People's Congress last month, Chinese Premier Li Keqiang, made clear the country's commitment to fair competition. “Fair competition is at the heart of a market economy, and impartial regulation is a safeguard for fair competition. We will reform and improve the fair competition review and impartial regulation systems, and move faster to do away with all regulations and practices that impede the functioning of a unified market and fair competition.”

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