China antitrust: Beijing signals that antimonopoly action will play key role in developing a ‘high-standard’ market system

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In a move that could be a sign Beijing’s antitrust probes into big internet platforms have just started, the Chinese government has announced a plan to “enhance and improve” implementation of the country’s antitrust laws as part of a long-term goal of building a market system of “high standard”.China will formulate and improve laws and regulations on “how to define whether a platform enterprise is a monopoly”, as well as on the “collection, use and management of user data” and “protection of…

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