China to Widen Fight Against Monopolies to the Giant Gig Economy
- It’s unclear which sectors targeted in top-level action plan
- Beijing is stepping up a campaign to rein in private firms
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China pledged to deepen antitrust enforcement across emergent sectors including on-demand internet services, broadening a campaign to rein in the growing power of private firms.
China “resolutely” opposes monopolies and unfair competition and will step up regulation in sectors such as platform businesses, according to a plan released by the general offices of the powerful Communist Party Central Committee and the State Council, the cabinet.