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CN SAMR: CN to Focus on Preventing 'Involutionary' Competition in Key Sectors & Areas Like Platform Econ/ Photovoltaics/ Lithium Batteries/ NEVs
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China's State Administration for Market Regulation (SAMR) issued a notice on further implementing the Anti-Unfair Competition Law of the People's Republic of China. The notice mentioned the comprehensive use of various anti-unfair competition measures to focus on preventing 'involutionary' competition in key industries and fields such as platform economy, photovoltaics, lithium batteries and NEVs. The SAMR aims to accurately identify and lawfully address platform enterprises that, without justifiable reasons, use methods such as search ranking, business evaluation, algorithm control, traffic restriction, product removal, fee increase, delayed payment, transaction suspension, internal penalties, or force or indirectly force platform operators to sell goods below cost through subsidies, discounts, red packets and promotional activities like discount for orders over a certain amount, thereby disrupting market competition order. AASTOCKS Financial News Website: www.aastocks.com |
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