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China's market regulator eyes better support for private firms

China's market regulator eyes better support for private firms

File photo of the Chinese national flag in Beijing, China on Apr 29, 2020. (Photo: Reuters/Thomas Peter)

SHANGHAI: China's market regulator will take steps to boost support for private firms in their efforts to improve quality and efficiency and promote fair competition by strengthening supervision, it said on Tuesday (Oct 19).

The comments came in a joint statement by the State Administration for Market Regulation and five government departments, including the powerful state planner and the commerce ministry.

Source: Reuters/aj

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