China market regulator meets foreign enterprises on fair competition

Reuters
4 hours ago
China market regulator meets foreign enterprises on fair competition

BEIJING, Nov 27 (Reuters) - China's market regulator met with representatives from Samsung005930.KS, BMW BMWG.DE, Johnson & Johnson JNJ.N and other foreign companies to discuss fair competition and improving the business environment, the regulator said in a statement on Thursday.

China will step up anti-monopoly enforcement in key areas, strengthen fair-competition and merger reviews to create a market-oriented, law-based and internationalised business environment, said Meng Yang, deputy head of the State Administration for Market Regulation.

Other participants at the meeting include officials from BayerBAYGn.DE, Procter & GamblePG.N and IKEA.

(Reporting by Ethan Wang and Ryan Woo; Editing by Alexandra Hudson)

((Ethan.Wang@thomsonreuters.com;))

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