w88 sports betting:Changing the practice of focusing on industrial policy and neglecting competition policy

China Securities News7month25Daily News "Anti-Monopoly w88 sports betting of the People's Republic of China" since2008year8month1It’s almost coming into effect now5Year. Participated in the formulation of this w88 sports bettingHuang Yong, deputy leader of the expert advisory group of the State Council Anti-Monopoly Commission and director of the Competition Law Center of the w88 casinoIn an exclusive interview with a reporter from China Securities Journal, he said that China's antitrust w88 sports betting enforcement is currently developing in depth, and government departments at all levels should further deepen their understanding of the role of competition policy and actively promote the effective implementation of antitrust laws, with a view to making due contributions to the transformation and upgrading of China's economy.

The acceptance of monopoly cases may increase greatly

China Securities News: Since this year, the Anti-Monopoly w88 sports betting Enforcement Agency of the State Council has stepped up its anti-monopoly enforcement efforts, especially in industries such as liquor, milk powder, and pharmaceuticals that attract high public attention. How do you view these phenomena?

w88 sports betting: Fundamentally speaking, antitrust law is a manifestation of the maturity of the market economy. The antitrust system originated in the United States and has spread throughout the world100It took more than a hundred years for many countries and regions. Currently, all major market economy countries have promulgated and implemented anti-monopoly laws. For our country in transition, the anti-monopoly system has matured along with the evolution of the market economy.

In China, anti-monopoly administrative w88 sports betting enforcement agencies include three departments. In the first half of this year, relevant w88 sports betting enforcement agencies have intensified administrative w88 sports betting enforcement efforts. The areas covered include electronics, communications, alcohol, food, medicine, etc., all of which are closely related to the public; in terms of the nature of the entities, they involve state-owned enterprises, private enterprises, foreign capital, and listed companies; in terms of enterprise scale, they basically cover central enterprises, local state-owned enterprises, and multinational companies, which reflects the anti-monopoly w88 sports betting’s principle of equal treatment of all market participants.

The "Anti-Monopoly w88 sports betting" has been in effect for nearly five years. In the past few years, enforcement has been groping because it is a w88 sports betting that only8Chapter57Some of the provisions of the w88 sports betting are abstract. The three w88 sports betting enforcement agencies have formulated and issued departmental regulations based on the existing experience in investigating and handling cases in the past. However, the implementation of a new w88 sports betting requires an accumulation process after all. The relevant rules are still being formulated and revised. This is also an important sign that the implementation of the antitrust w88 sports betting keeps pace with the times.

Since the implementation of the Anti-Monopoly w88 sports betting2011End of the year,Local courts across the country accepted monopoly civil cases of first instance61Case, concluded53pieces. There may be a lot more cases this year, and they will involve more difficult cases in the high-tech field, such as360The case against Tencent for monopoly, the judge’s ruling is recent5Professional analysis of 10,000 words, up to80Many pages, it can be seen that the judicial field has a deeper and deeper understanding of antitrust w88 sports betting. The recent increase in the number of cases is also the result of the implementation agencies gradually practicing and maturing.

China Securities News: What other expectations do you have for the Anti-Monopoly w88 sports betting?

w88 sports betting: When this law was promulgated, the media paid a lot of attention, but how to apply the law, in terms of cases, was really very few at the beginning. In the past two years, as the business power of law enforcement agencies has increased, the intensity of law enforcement has increased, especially the enforcement of hot cases that have attracted high social attention has touched key points. Such cases play a very good publicity role in antitrust laws and show that law enforcement agencies are actively applying the law.

In particular, we hope that the legislative body will pay attention to the implementation effect of this w88 sports betting, conduct enforcement inspections of this w88 sports betting, summarize experience, analyze existing problems, and analyze whether it is necessary to revise and improve it. The "Anti-Monopoly w88 sports betting" itself is a principled w88 sports betting, and many issues including legal interpretation will emerge during the enforcement process, such as what is illegal income and how to calculate it; fines equal to the company's turnover in the previous year1%-10%, how to explain the turnover here? Is it global, the region involved, or related products? The w88 sports betting does not clearly explain these, which is a series of basic issues that plague w88 sports betting enforcement agencies in trying cases.

The anti-monopoly w88 sports betting is known as the "economic constitution" in developed market economy countries. The role of this w88 sports betting itself has not yet been fully exerted, and it is still subject to restrictions including institutional restrictions. In this regard, the legislative body should conduct a comprehensive assessment, and it also needs top-level design.

Make competition policy a fundamental policy

China Securities News: From an antitrust perspective, how do you understand the term "more respect for market rules and better play the role of the government"?

w88 sports betting: China is currently in a period of transformation. In the past, the government and enterprises still lacked a lot of understanding of the market, especially the understanding of competition rules. It can even be seen from the media that some suspected illegal behaviors are still being criticized by some. Enterprises and industry associations believe it is legitimate. For example, when the industry is in recession, some industry associations will "stand together to keep warm" and coordinate prices. This shows that the understanding of competition rules by industries and enterprises still needs to be improved, and the cultivation of competition culture is a task that requires long-term and unremitting efforts.

If China’s economy wants to further develop and its economic system needs to complete its transformation, competition policy should be regarded as a basic policy and the focus of the government’s next work, changing the country’s long-standing practice of focusing on industrial policy and neglecting competition policy. Industrial policies are often short-term or time-limited, and are government-led and mostly administrative. Competition policy is a long-term mechanism. It is market-oriented, operates in accordance with market rules, and uses the rule of w88 sports betting. The difference between the two is obvious.

The Anti-Monopoly w88 sports betting is actually a major means to implement competition policy. To realize the fundamental role of competition policy, we must first further open up market access. To put it simply, most fields should be open to all enterprises, rather than setting different entry thresholds based on ownership. Secondly, all competitors must be given an equal competitive environment, including taxation, credit, land acquisition, government procurement, access to resources, etc., and in particular, there must be the awareness and determination to allow state-owned monopoly industries or enterprises to participate in competition on an equal footing. Finally, it needs to be particularly emphasized that to achieve a market economy, it must be guaranteed by the rule of w88 sports betting.

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