New ministry to regulate market |
http://www.sina.com.cn 2003/03/24 11:10 Shanghai Daily |
China's newly established Ministry of Commerce will take a number of important steps to rectify and regulate marketsgroupsin the country within the first month of its operation, Minister of Commerce Lu Fuyuan said in Beijing yesterday. Speaking at the China Development Forum, Lu said the policies are clear to develop a uniform and open market with orderly competition, and one of the main tasks of the ministry is to rectify and regulate orderly market competition. Lu said the ministry will work with other ministries to strengthen coordination and cooperation in policy and administration, and they expect to make substantial progress in this respect in the next one to two years. The ministry has set up an office to rectify and regulate economicsgroupsin the market, Lu said, noting it is drafting some important measures to be taken in the next month. A national meeting on rectifying and regulating marketsgroupswill be held in April, he noted. Lu said measures will be taken to crack down hard on protectionism and counterfeiting that are rampant in some areas. China will promulgate an anti-monopoly law and anti-regional protection law soon, Lu said. |
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