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Anti-monopoly efforts

Updated: 2013-08-26 07:25
( China Daily)

China is ramping up anti-monopoly law enforcement, a move that serves the country's pursuit of building a rule- and competition-based market economy.

Early this month, anti-trust regulators fined six dairy firms, mostly foreign, for alleged illegal pursuit of higher market shares through "vertical monopoly".

Vertical monopoly refers to behavior of a company that controls its production and distribution channels to forbid price cuts and prevent competition in the market.

Anti-monopoly efforts