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China rues 'insufficient' penalties, to tighten antitrust legal enforcement

China last month elevated the seniority of the market regulator's antitrust unit, the National Anti-monopoly Bureau

Property prices in China have skyrocketed to unaffordable levels since private home ownership was introduced in 1998, and the government has faced an ongoing battle to control speculators.
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Reuters Beijing
China’s antimonopoly bureau will step up legal enforcement against monopolistic behaviour and push forward the amended anti-monopoly law to improve the regulatory framework, said Gan Lin, chief of the national anti-monopoly bureau.

China last month elevated the seniority of the market regulator’s antitrust unit, the National Anti-monopoly Bureau, and appointed Gan as chief, a move which would help antitrust investigators gain resources when examining mergers and acquisitions.

“The orderliness of market competition has shown great improvement, and the smaller business operators have now gained broader space,” Gan said.

For the next step, the bureau will step up anti-monopoly reviews of concentrated businesses, and

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