Huang Yong: The market economy is a legal economy, not a power economy

(Source: China Economic Net 2016Year11month27日）

　　Huang Yong, Professor and Director of the Competition Law Center of the w88 casino

Sina Financial News “China Economic and International Cooperation Annual Conference and New ‘Bashan Wheel’ Conference·2016”Yu11month26日-27Held in Beijing on the 1st. Huang Yong, professor and director of the Competition Law Center of the w88 casino, attended and gave a speech.

Huang Yong believes that the existence of my country's industrial policy has its rationality, but competition policy should be regarded as the foundation. It also emphasized that in order to promote reform, we must first promote the reform of monopolistic industries and "introduce competition mechanisms into monopolized industries through case investigation and handling." In addition, it recommended strengthening the enforcement of administrative monopolies.

When talking about the fair competition review mechanism, Huang Yong said that the implementation details of the Anti-Monopoly Law must be launched as soon as possible. In addition, the issue of merging the three law enforcement agencies within the National Development and Reform Commission, the Ministry of Commerce, and the State Administration for Industry and Commerce should also be put on the agenda, and a unified, professional, independent, and authoritative law enforcement agency must be established." He bluntly said, "The market economy is a rule of law economy, not a rights economy. The market economy is a rule-based economy, not an economy governed by people."

Attachment: Original link

http://www.ce.cn/macro/more/201611/27/t20161127_18179676.shtml?from=singlemessage&isappinstalled=0