Business / Macro

China's reported antitrust cases up 8%

(Xinhua) Updated: 2014-02-27 19:20

BEIJING - China's Ministry of Commerce (MOC) received 224 antitrust cases in 2013, up 8 percent from a year ago, a ministry official said on Thursday.

Shang Ming, chief of the anti-monopoly bureau under the MOC, said of the total, 212 cases were registered and 207 were concluded last year, up 12.8 percent and 26 percent respectively.

Since the anti-monopoly law was implemented in 2008, the ministry had concluded 740 antitrust cases out of 866 by the end of 2013, according to the MOC data.

Shang added that further improvements of the anti-monopoly law are necessary, while enhancing law enforcement and international anti-monopoly cooperation will better help Chinese enterprises establish global businesses.

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