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china plans new competition, food watchdog in government revamp

china plans new competition, food watchdog in government revamp News Article With The full text news and with Resource Link at the bottom of the text and you can View this News Article in the source page.



china plans new competition, food watchdog in government revamp

beijing: china will form a powerful new competition and food safety regulator in a bid to ramp up oversight of mergers and acquisitions and price-fixing as the world’s second-largest economy seeks to make policymaking more efficient.in much-anticipated plans to create seven new ministries and a raft of government agencies announced on tuesday, one of the most significant changes is the creation of a national markets supervision management bureau.the new body will decide on antimonopoly and pricing issues, replacing the competition oversight roles of the three national antitrust regulators: the national development and reform commission (ndrc), the ministry of commerce and the state administration for industry and commerce (saic).the bureau “will undertake unified antitrust enforcement ...