Latest news with #State Administration for Market Regulation
South China Morning Post
29-07-2025
- Business
- South China Morning Post
China to ‘tighten oversight' in crowded manufacturing sectors such as EVs and solar power
China's top regulator of the manufacturing sector has vowed to phase out outdated capacity amid Beijing's efforts to combat excessive competition, while promoting hi-tech consumer goods as part of a broader push to revive domestic demand. Advertisement The Ministry of Industry and Information Technology (MIIT) said at a meeting of senior officials on Monday that it would 'consolidate the results of a sweeping crackdown on 'neijuan' competition in the electric vehicle sector and tighten oversight of key industries such as solar power'. '[We will] use upgraded standards to force out outdated production capacity,' the ministry said in a readout on its official website, adding that it would strengthen the mandatory national standards in the industrial and information technology sectors. The term neijuan , or 'involution' – a buzzword in Beijing's recent policy discourse – refers to excessive, cutthroat competition that has plagued several industries, eroding corporate profits and exacerbating persistent deflationary pressures. Meanwhile, China's State Administration for Market Regulation also pledged during a two-day meeting from Sunday to Monday that it would 'regulate enterprises' low-quality, cut-price competition in accordance with laws and regulations'. Advertisement In line with efforts to better allocate market resources and phase out outdated production capacity, Beijing has been stepping up its push for mergers and acquisitions (M&As). A recent example was the approval for China State Shipbuilding Corporation to absorb China Shipbuilding Industry Company – a move aimed at streamlining operations and accelerating industry development.
Bloomberg
22-07-2025
- Business
- Bloomberg
China Suspends Antitrust Probe Into DuPont Ahead of Trade Talks
China has suspended its antitrust investigation into the local unit of DuPont de Nemours Inc. in a potential goodwill gesture ahead of the third round of trade talks with the US next week. In a one-line statement issued on Tuesday, the State Administration for Market Regulation didn't provide further details on the suspension of investigation into DuPont China Group over the firm's suspected violation of the nation's anti-monopoly law.
