Chinese market regulator tells firms to focus on healthy competition overseas

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China's market regulator has urged companies including BYD and CATL to compete healthily when expanding overseas. The State Administration for Market Regulation emphasized the need for standardization of competitive behavior and "building a healthy competition ecosystem" in foreign markets. Representatives from these companies attended a symposium, along with state-owned enterprises involved in the Belt and Road Initiative. Vice-minister Meng Yang stated that authorities would strengthen antitrust enforcement, improve compliance guidance, and address "involution-style" competition. The regulator aims to support companies expanding abroad by achieving higher-quality growth through institutional opening up and enhanced support. This meeting marks the first of its kind to address competitive challenges faced by Chinese companies overseas.
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AI-ExtractedAuthorities will strengthen antitrust enforcement and improve compliance guidance.
The meeting addressed competitive challenges faced by Chinese companies expanding abroad.
Meng Yang said authorities would deepen institutional opening up in the competition field.
The State Administration for Market Regulation held its first fair competition symposium of the year.
China’s market regulator told companies to compete healthily when expanding overseas.
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Source Transparency
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