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China’s central bank keeps sights set on monopolies

Summary:
[unable to retrieve full-text content]China’s central bank has pledged to oppose monopolies and unfair competition in the second half of the year as it continues its crackdown on tech giants and internet platform firms.In a statement on Saturday, the People’s Bank of China said it would “supervise and guide platform companies to make comprehensive rectifications in accordance with regulatory requirements”.“[The central bank] will cooperate with relevant departments to resolutely implement the decisions ... of the Communist Party’s…

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[unable to retrieve full-text content]
China’s central bank has pledged to oppose monopolies and unfair competition in the second half of the year as it continues its crackdown on tech giants and internet platform firms.In a statement on Saturday, the People’s Bank of China said it would “supervise and guide platform companies to make comprehensive rectifications in accordance with regulatory requirements”.“[The central bank] will cooperate with relevant departments to resolutely implement the decisions ... of the Communist Party’s…

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