China’s market regulator eyes better support for private firms

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FILE PHOTO: The Chinese national flag is seen in Beijing, China

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.

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.

(Reporting by Brenda Goh; Editing by Clarence Fernandez)

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