State planner adds body to intensify antitrust efforts
The National Development and Reform Committee (NDRC), one of the three cabinet-level institutions overseeing monopoly complaints and investigations, has added a new office dedicated to enforcing competition laws.
The office of unfair competition investigation, under the Bureau of Price Supervision and Anti-Monopoly, which determines price fixing practices, will be comprised of four officials whose main job will be to coordinate antitrust investigations, supervise their enforcement on a national level, conduct research on antitrust policies and perfect China’s laws, said an announcement on the NDRC’s website.
It is meant to help the state planner better enforce anti-monopoly laws and make sure necessary investigations are carried out on the ground level, safeguarding market order and further promoting an open and fair market.
While the NDRC supervises price-related enforcement such as excessively high royalty and licensing fees, the Ministry of Commerce is the nation’s chief merger control authority and the market regulator, the State Administration of Industry and Commerce (SAIC), looks mainly at non-price conduct in an entity’s abuse of market position.