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Chinese internet giant Meituan fined over 3.4 bln yuan for monopoly conduct
China's top market watchdog on Friday fined the internet giant Meituan 3.442 billion yuan (about 533 million U.S. dollars) for abusing its dominant market position in the country's online food delivery platform market and ordered the company to "comprehensively rectify" its operations.
China ramps up market regulation of food, medicine
China has expanded its list of illegal and dishonest market behaviors in the food, medicine and special equipment sectors, the country's market regulator said Wednesday.
China probes into chemical fertilizer companies over price gouging
China's top market watchdog has launched an investigation against chemical fertilizer producers and distributors over suspicions of price gouging to address issues including price hyping in the market.
China's market watchdog issues fine following Luckin Coffee's bid to cheat competition
China's top market watchdog has issued a fine of 61 million yuan (about 9 million U.S. dollars) to Luckin Coffee and 43 third-party firms after an investigation confirmed they had violated the country's anti-unfair competition law.
China further optimizes market regulation to aid work resumption
China has rolled out a raft of measures to further improve market regulation and support companies to resume work amid the fight against the novel coronavirus outbreak, said an official with the top market regulator Tuesday.
China encourages whistleblowing to improve market regulation
China will improve its system of providing incentives to whistleblowers amid efforts to lower market regulation costs, the country's market regulator said Wednesday.
China further streamlines approvals in pilot FTZs
Enterprises in China's pilot free trade zones (FTZs) are enjoying more benefits from the country's efforts to further streamline approval procedures, according to the top market regulator.
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