The Chinese competition regulator, the ‘State Administration for Market Regulation’, has issued draft anti-trust rules that define for the first time what constitutes anti-competitive behaviour, reports the Financial Times. The guidelines address issues such as exclusivity clauses, treating customers differently according to their spending patterns, and bundling of products. The paper reports that the value of shares in China’s large technology companies fell dramatically in response to the news, with a Hong Kong-based lawyer describing the guidelines as evidence that the China government wants to ‘be more active in taking steps to curb the large internet platforms’ power’.
The Chinese competition regulator, the ‘State Administration for Market Regulation’, has issued draft anti-trust rules that define for the first time what constitutes anti-competitive behaviour, reports the Financial Times.
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