A PYMNTS Company

China: Antitrust guidelines for auto sector being drafted

By  |  July 2, 2015

China recently started drafting a set of antitrust guidelines for the auto sector, the first such rules devised for a specific industry, Beijing’s Economic Observer reports.

The antitrust authority under China’s National Development and Reform Commission made the announcement in a preparatory meeting held to discuss the guidelines on June 12, the paper said, adding that industry groups such as the China Association of Automobile Manufacturers and the China Automobile Dealers Association were invited to attend the meeting.

The introduction of guidelines on fair competition practices, on the other hand, is expected to help sort out the auto sector, which has developed based on questionable practices, said Shen Jinjun, head of the China Automobile Dealers Association.

Full content: Global Times

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.