SAMR released the Analysis Report on National Market Situation in the first 3Q this year

The market vitality continues to be spurred and the competition order steadily improves

On October 26, the State Administration for Market Regulation (SAMR)held a press conference to release the Analysis Report on National Market Situation in the first three quarters this year.

According to the Report, the market situation nationwide generally maintains stable and sustains the momentum of improvement since the reform to delegate power, streamline administration and optimize government services was launched, the access environment is further optimized, the competition environment steadily improves. and protection of consumers’ rights continues to expand, which lays a solid foundation for the health development of economy.

The market access threshold lowers, the investment and start-up of enterprises are more facilitated

According to the Report, in the first three quarters, the administrations for market regulations fully promoted the reform in the market access of business, products, drugs and medical equipment as well as IPR registration, lowered the market access threshold and costs of institutional transaction, enhanced the facilitation level of investment and startup.

The competition environment continues to improve, the market order keeps stable and turns better

The reform continues to bring out good results, with equal focus on “market vitalization” and “sound administration”. In the first three quarters, as the law enforcement on competition continued to improve and the credit supervision system gradually improved, China’s market competition environment is generally stable and the business dependence on the fair market environment is also steadily growing.

The safety bottom-line must be defended and the efforts on protecting the consumers’ rights are increasing

In the first three quarters, the administrations for market regulation implemented the requirements for the strictest standard, supervision, punishment and accountability by enhancing the regulation over the quality and safety of food, drug and other products, carrying out the potential risk examination to ensure that the public can feel safe in their consumption.

(Source: SAMR Website)