Shanghai free trade zone unveils 11 measures to stimulate market vitality
The Lingang Special Area of the China (Shanghai) Free Trade Zone on Tuesday launched a fresh batch of 11 measures to further stimulate market vitality and shore up emerging and major industries.
Shanghai's Administration Bureau for Market Regulation and Management Committee of the Lingang Special Area announced the 11 measures for protecting and accelerating market competition.
These 11 measures touch on establishing a centralized antitrust review system for business operators, exploring the implementation of a monopoly agreement exemptions system and an innovative review mechanism for fair competition.
Launched in August last year, the Lingang Special Area is dedicated to making invest environment more efficient, equitable and expectable and it aims to grown into a special economic function zone with global influence and competitiveness.