Hi! Welcome to“About China”!
In today’s program, we will talk about “impartial regulation”.
According to the 2019 Report on the Work of the Government, Premier Li Keqiang has mentioned that we will conduct impartial regulation to promote 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.
Simple regulations are easy to follow. The simpler and more transparent the rules are, the more robust and effective regulation is. At the national level, the focus is on developing unified regulatory rules and standards, while local governments should concentrate most of their energy on conducting impartial regulation.
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