In the News: Fair Play Review; Tougher Food Safety Rules; and Unified Laws for Local and Foreign Financial Firms

April 01, 2019 | BY

Marilyn Romero

China's State Council plans to improve competition by establishing a fair play review system; food safety violations will incur much stiffer penalties, and the People's Bank of China's governor says domestic and foreign financial firms will soon play by the same rule book.

State Council to set up fair play review system to boost competition

China's State Council is pushing to improve fairness in competition across the country by establishing a fair play review system by the end of the year. According to a statement issued following an executive meeting of China's cabinet, the government wants an overhaul of all enterprise-related regulations, policy measures and regulatory documents, especially those that hinder fair competition and constrain the development of private business.

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]