Comrade Si spoke out against monopolies and for market of socialist type

Chinese authorities will restrain the monopolization of the market and pursue policies to protect the interests of small and medium-sized businesses. According to Xinhua, this was stated by the Chairman of the PRC Si Jinpin at a meeting of the party committee on a comprehensive deepening of reforms.

“It is necessary to strengthen antimonopoly measures and conduct more intensive policy to create fair competition,” says the chairman of SI. “It is necessary to provide a more extensive space for the development of all market participants, especially concerns small and medium-sized businesses.”

According to Si Jinping, the competent state bodies of China must contribute to the formation of highly efficient mechanisms of the market economy of the socialist type. “Much attention should be paid to the strategy to improve universal well-being,” he stressed.