w88 live casino: Competition policy helps economic transformation

(Source: "China Economic Times" Date:2014Year1month22日）

(Our reporter Wang Caina) “Competition policy must gradually replace industrial policy and become China’s basic economic policy. This is an issue that requires great attention from the top-level design and decision-making level of the next reform.”Huang Yong, deputy leader of the expert advisory group of the Anti-Monopoly Committee of the State Council, professor of the Law w88 casino of the w88 casino, and director of the Rule of Law Committee of the Beijing Municipal Committee of China Democratic National Construction AssociationAt the Fifth Beijing Democratic Construction Non-public Economy Rule of Law Seminar, he said that the non-public economy, especially small and medium-sized enterprises as cells of the market economy, still faces many obstacles in terms of market access, taxation and finance, and its development has also been severely restricted. As an important policy for regulating market mechanisms, competition policy plays an irreplaceable role in ensuring and improving the market economic order. Therefore, the country should use competition policy more extensively and deeply, actively create an open, fair, competitive and legal market economic environment, and comprehensively promote economic transformation. “In this process, the rule of law must be guaranteed throughout the entire process.”

Competition policy has become my country’s basic economic policy

"Our country does not have no competition policy. There are various expressions similar to market economy in previous reform documents. For state-owned enterprises, monopoly industries, or regulated industries that the people are concerned about, there is a word called 'gradually introducing a competition mechanism.' Huang Yong said that fiscal policy, monetary and financial policy, and w88 policy are all official official economic policies in market economy countries and transition countries. But in mature market economy countries, competition policy is also one of the official leading economic policies.

“Competition policy has not played a dominant role in my country’s economic reform and development process. Our country has always focused on industrial policy and neglected competition policy.” w88 live casino believes that the Third Plenary Session of the 18th CPC Central Committee is a good opportunity to propose that the market plays a decisive role and enhance the status of competition policy.

w88 live casino said that there is a clear difference between industrial policy and competition policy. For example, industrial policy is led by the government and uses more administrative means, which often results in short-term benefits; while competition policy relies on the inherent laws of the market to form a long-term mechanism and uses the rule of law as a means.

“To complete the transformation of our country’s economy, competition policy must gradually replace industrial policy and become China’s basic economic policy. w88 live casino said frankly that at this stage, competition policy cannot completely replace industrial policy as the leading policy. It requires a process and legal adjustments.

Taking the photovoltaic industry as an example, he suggested that when the government implements industrial policies in the future, it should incorporate the concepts, laws, and rules of competition policy into its decision-making, and it should have legal protection.

Using the Anti-Monopoly Law as the starting point to promote competition policy

“The implementation of competition policy first requires the state to break monopoly at the policy level, relax entry, and ensure market competitiveness. "w88 live casino hopes that most fields will be open to all enterprises, instead of setting entry barriers based on different ownership systems, and at the same time, all competitors should be given an equal competitive environment.

w88 live casino said that the Anti-Monopoly Law, known as the "Economic Constitution", is the most important legal tool to implement competition policy and applies to central enterprises and other enterprises in monopolistic industries. The implementation of the Anti-Monopoly Law can stimulate the competitive awareness of these enterprises and play a supporting role in economic reform. However, my country’s Anti-Monopoly Law is limited by the system and its role has not yet been fully exerted.

“I hope that competition policy, including the Anti-Monopoly Law, will be incorporated into the top-level design of the country’s political and economic system reform.” w88 live casino believes that in order for the Anti-Monopoly Law to play the role of an economic constitution, it must first implement it through institutional implementation to form a unified, relatively independent, professional and authoritative institution to get rid of the current multi-party supervision; secondly, it is necessary to increase the enforcement of the Anti-Monopoly Law.

w88 live casino said that in accordance with the Anti-Monopoly Law, the system can be promoted case by case. Although law enforcement departments only have the right to make recommendations on administrative monopolies, the public should be allowed to see the deterrent nature of the law.

“The Anti-Monopoly Law is not just a law, not just an entry point. The key is that behind this law are the rules of fair competition. "w88 live casino said that the Third Plenary Session of the 18th Central Committee of the Communist Party of China outlined a beautiful vision, but the realization of a market economy must be guaranteed by the legal system.

w88 live casino said that the current reform expectations are top-level designs, but at the same time, we must realize that there has been a trend of market pressure and system pressure. No one can stop the power of the market. In this process, we must respect the laws of the market and the fundamental role played by legal guarantees, so that our country's socialist market economy can achieve results that are satisfactory to the people in the next stage of reform.

Attachment: Original report link

http://lib.cet.com.cn/paper/szb_con/174012.html

Reprinted by China Reform Forum:

http://www.chinareform.org.cn/Economy/Macro/Practice/201401/t20140122_186884.htm