China's market regulator assures industry leaders of fair market environment

The State Administration for Market Regulation, China's top industry regulator, held a symposium on fair competition with executives from seven major companies, including energy and internet leaders, on Tuesday.

Participants included Trina Solar, JA Solar, LONGi, Alibaba Group, JD, BAIC Group and Mercedes-Benz Group.

Led by SAMR Deputy Director Meng Yang, the forum addressed the negative effects of hyper-competitive practices that have reportedly stifled innovation and market efficiency.

The regulator assured businesses that it would strengthen efforts to combat unfair competition, improve corporate compliance, and introduce stricter antitrust measures to foster a fair market environment.