As China’s financial framework continues to transition from sectoral regulation to functional regulation, it is clear that Beijing still wants to maintain a tight grip over the country’s financial system.
China will amend its anti-unfair competition law, introduce regulations under the fair-competition review system and expand market access for foreign investment as part of efforts to create a unified domestic market.
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Economic issues will feature prominently in China’s nationwide fact-finding campaign, including challenges to domestic demand, tech self-reliance, support for private and foreign investors, housing and jobs.
China’s top leadership has been at pains to talk up support for the private economy in recent months, but local authorities have drawn criticism for undermining business stability and intervening in company operations.