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China recently announced its decision to make new laws on national security, monopolies, education, and culture. The Communist Party of China (CPC) and the State Council (cabinet) publicised the plans this week as part of a five-year plan for ‘building a law-based government’.
Both said in the plan’s blueprint that they would also improve legislation around public health by amending the Infectious Disease Law and the Frontier Health and Quarantine Law.
On improving the law-based business environment, the plan calls for concrete efforts to prevent the administrative power from eliminating or stifling competition. It also promises more stringent enforcement of anti-monopoly and anti-unfair competition laws.
“It (the new document) urges improving government functions in various fields, including economic adjustment, market supervision, social management, public service, and environmental protection,” an official news agency reported on the 10-point plan.
In the document, China’s top leadership urged “…governments at all levels to promote law-based administration with the help of digital technologies, including the internet, big data, and artificial intelligence”.
It reportedly stresses pushing forward legislative activities and studies in key areas such as national security, bio-security, infectious diseases prevention and control, and digital economy.
Earlier this year, Beijing launched anti-monopoly investigations into some of the country’s biggest technology firms. Last month, Beijing unveiled a massive overhaul of China’s $120-billion private tutoring sector, under which all institutions offering tuition on school curricula will be registered as non-profit organisations.
Recently, China’s banking and insurance watchdog reportedly stepped up its regulation of online insurance companies. The China Banking and Insurance Regulatory Commission ordered the firms to stop improper marketing and pricing or face ‘severe punishment’.
Fibre2Fashion News Desk (DS)
China recently announced its decision to make new laws on national security, monopolies, education, and culture. The Communist Party of China and the State Council publicised the plans as part of a five-year plan for 'building a law-based government'. The Infectious Disease Law and the Frontier Health and Quarantine Law would also be amended.