BEIJING (Reuters) – China’s market regulator held a symposium on fair competition with executives from seven companies, including Alibaba and LONGi Green Energy, the State Administration for Market Regulation (SAMR) said on Wednesday in a statement. The executives at the symposium on Tuesday discussed the market environment, competition, and difficulties they face, and put forward […]
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Chinese competition regulator holds talks with Alibaba, Mercedes-Benz
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BEIJING (Reuters) – China’s market regulator held a symposium on fair competition with executives from seven companies, including Alibaba and LONGi Green Energy, the State Administration for Market Regulation (SAMR) said on Wednesday in a statement.
The executives at the symposium on Tuesday discussed the market environment, competition, and difficulties they face, and put forward suggestions for opposing monopolies and unfair competition, the statement said.
It quoted Meng Yang, the regulator’s deputy director, as saying the SAMR would hold seminars regularly to respond to firms’ concerns and create a fairer market environment.
Other companies taking part on Tuesday included Trina Solar, JA Solar, JD.com, BAIC Group and Mercedes-Benz.
China is encouraging its private firms to invest and innovate more to try to stem a slowdown in growth and counter U.S. efforts to limit China’s technological development.
Chinese President Xi Jinping last week held a rare meeting with some of the country’s top entrepreneurs, including Alibaba co-founder Jack Ma, highlighting that concern and marking a turnaround in Beijing’s approach to its tech giants after a regulatory clampdown four years ago.
China also issued a plan last week to stabilise foreign investment.
(Reporting by Beijing Newsroom; Editing by Christian Schmollinger and Neil Fullick)