The United States-based ratings agency Moody's latestxa0cut on the outlook for major Chinese tech companiesxa0is "unfair and inappropriate", and this move neglects the immense growth potential of China's digital economy and platform enterprises, experts said on Saturday.
专家周六表示，总部位于美国的评级机构穆迪最近对中国主要科技公司的前景发表的评论是“不公平和不恰当的”，此举忽视了中国数字经济和平台企业的巨大增长潜力。
The regulator's order was in line with the ramping up of efforts by China to tackle unfair competition and monopolistic behavior to restore market order.
Tencent and its music arm own over 80 percent of music library resources in China, following its acquisition of China Music Corp in July 2016, which gave Tencent the power to block new entrants and create an unfair business environment, the regulator said.
Unfair competition, once spotted, must be resolutely dealt with.
The State Administration for Market Regulation, China's top market regulator, has imposed a 3 million yuan ($464,000) fine on online discount retailer Vipshop on Monday for unfair competition.
Such behavior disrupted the order of normal market competition and constituted a breach of the Law of the People's Republic of China Against Unfair Competition, it added.
Section 337 concerns the infringement of certain statutory intellectual property rights and other forms of unfair competition in import trade.
The State Administration for Market Regulation said on Thursday it has started investigations into Vipshop (China) Co Ltd and Guangzhou Vipshop E-Commerce Co Ltd for alleged unfair competition.
Experts said that in recent years, with new dynamics and new business models emerging, China's online economy has flourished, but competition has become increasingly fierce in some sectors, and the problem of unfair competition has also emerged.
Wang Xianlin, a professor of economic law at Shanghai Jiao Tong University, said unfair competition not only damages the legitimate interests of businesses and consumers, but also distorts and destroys normal market competition mechanisms, ultimately affecting high-quality economic development.
Steps to check unfair competition are necessary for creating and maintaining a fair business environment, said Wang, adding more law enforcement measures should be used to prevent such deeds.
The State Administration for Market Regulation said on Thursday it has started investigation into Vipshop (China) Co Ltd and Guangzhou Vipshop E-Commerce Co Ltd for alleged practices of unfair competition.
Regulators raised five rectification requirements for Ant Group's key services, after they talked with the group one day earlier, saying that the firm should return to and focus on the payment business, improve the transparency of transactions and avoid unfair competition.
Pan also stressed that financial regulatory policies in the future will follow the principles of breaking monopolies, correcting and investigating unfair competition, include all financial activities in the nation's supervision system, have "zero tolerance" for illegal acts and protect property rights to strengthen the core competitiveness of China's financial technology companies.
The Ant Group has been asked to return to its original business as a payment services provider and enhance transparency of transactions, and the group is strictly prohibited from unfair competition, Pan said when answering questions from the press.
The State Administration for Market Regulation, the top market regulator in China, in October fined five companies, including Luckin Coffee China Co Ltd, two million yuan ($298,000) each for unfair competition.
The State Administration for Market Regulation, the top market regulator, fined five companies, including Luckin Coffee China Co Ltd, two million yuan ($298,000) each for unfair competition.
Experts agreed that the TikTok case goes well beyond the commercial realm, and that Beijing would not give in to unreasonable and unfair demands from the White House.
We are disappointed by this unfair and arbitrary action to restrict visas of our employees who work tirelessly to contribute to technological innovation in the US and around the world.
"The (US) government will not prevail on its charges, which we will prove to be both unfounded and unfair," Huawei said.
The hostile attacks included network traffic attacks, hacker attacks and unfair scalping.
Meanwhile, if "Moutai Guoyan" became a registered trademark for alcohol and enjoyed exclusive usage rights, it would be unfair to other industrial players and have certain negative impacts on public interests, according to the court.
Aux responded on its Weibo account that Gree had disparaged Aux's product quality, which it called a clear act of unfair competition given next week's shopping event and the approach of the peak season for air-conditioner sales.
Although there are many startups that are unprofitable, it is probably unfair to compare established tech companies with the internet unicorns of today.
Apple Inc was dealt a major setback on Monday after the US Supreme Court ruled that a group of iPhone users can proceed with a lawsuit that alleges the tech giant employs unfair control over apps for its smartphones.
"The basis of the class action is that Uber failed to enforce its drivers had proper accreditation and therefore gained an unfair advantage over companies and drivers that did adhere to the law.
Bai Yicong, CEO at film and TV production company Linghe Media, said click farming - where third parties are paid to generate clicks on videos to artificially raise view counts - has become rampant across the nation, fostering unfair competition.
Co-founder Da Da said the issue of counterfeits is a social problem, and it is unfair to let Pinduoduo assume the responsibility.
It's unfair to let 3-year-old Pinduoduo assume the responsibility, Dada added.
"Whether it's about business, individuals, the general environment in the Philippines, or some new regulation — anything that is unfair or unfavorable for Filipino-Chinese entrepreneurs — we will strive for our rights," said Ngu.
Shows how unbalanced & unfair trade is, but we will fix it.
The Justice Department filed a lawsuit to stop the deal in November 2017, saying that AT&T's ownership of both DirecTV and Time Warner would give AT&T unfair leverage against rival cable providers that relied on Time Warner's content, such as CNN and HBO's "Game of Thrones.
"The world is unfair in terms of education resources as a great many developing countries lag behind in education quality, not to mention education embedded with technologies.
me, calling for a halt to behavior suspected to be unfair competition and monopoly.
The case follows a complaint from a professional taxi drivers' association in Barcelona that Uber's activities in Spain amounted to misleading practices and unfair competition from Uber's use of non-professional drivers－a service Uber calls UberPOP and which has since been suspended in Spain and other countries.
Boeing argued that Bombardier received unfair state aid from the governments of Canada, Quebec, and the UK.
The move comes as a result of the application made by Chinese domestic industries which expressed concerns about unfair competition and the potential harm caused by imported brandy from the EU, said Shu Jueting, spokeswoman with the ministry, at a news conference.
Zhang said it is unfair for the US to have added so many Chinese enterprises to its "entity list", an export blacklist, and it will be of great significance for China to express its concerns over matters like that through dialogue.
There will be unfair competition or fight … No one is going to benefit from it.
In fact, such unfair treatment has already reduced India's appeal among foreign investors.
Second, when faced with unfair treatment, China should make full use of international rules and follow internationally accepted practices to safeguard its interests, improve its competitiveness and win the world's trust, understanding and respect.
The guidelines urge efforts to ramp up judicial regulations for digital platform enterprise monopolies, combat acts of unfair competition such as false advertising or commercial defamation, and tackle the unjust or malicious prosecution of private enterprises and entrepreneurs in a stringent manner.
Such US actions reveal a clear pattern of unfair and discriminatory practices targeting Chinese companies, driven by unfounded accusations, said Li Haidong, a professor at the Institute of International Relations at China Foreign Affairs University.
- China has investigated and handled 757,000 unfair competition cases since enforcing the Anti-Unfair Competition Law 30 years ago, data from the top market regulator showed.
Enacted in 1993 and subsequently amended in 2017 and 2019, the Anti-Unfair Competition Law regulates business operators' unfair competition activities, including commercial secret infringement and commercial bribery.
China has been working on strengthening regulation of market competition and law enforcement on unfair competition activities, striving to ensure business entities engage in fair competition in the market and enjoy equal legal protection.
In recent years, it has strengthened legislation to tackle dishonest business practices and unfair competition, while utilizing AI to reduce administrative intervention and establishing pilot projects to better protect intellectual property.
In recent years, it has strengthened legislation to tackle dishonest business practices and unfair competition, while utilizing AI to reduce administrative intervention, and establishing pilot projects to better protect intellectual property.
Curbs:xa0India's investment climate causing concerns, experts sayIndia's unfriendly and unfair restrictions on Chinese smartphone manufacturers will only damage its own business climate and technological innovation, and will greatly ruin its attractiveness to global investors and market players in the long term, industry experts and company executives said on Wednesday.
While calling for solidarity and cooperation to cope with global challenges, they expressed their opposition to bloc confrontation, protectionism, unfair competition and economic fragmentation.
To achieve this, it is necessary to "identify and rethink aspects of the existing trading system that incentivize or enable unfair competition", because "too often our existing global trade rules have rewarded advantages that are not based on fair competition".
These measures are unreasonable and unjustifiable in many aspects and, according to WTO rules, fundamentally violate the principles of nondiscrimination, unilaterally disrupt the stability of global semiconductor supply chains, offer US companies unfair competitive advantages, undermine the predictability of the global trade system and seriously damage the legitimate interests of enterprises in many countries.
"Since the US imposed tariffs on $360 billion worth of Chinese goods under the US Section 301 in 2018, it has not only severely damaged normal economic and trade exchanges between China and the US, but it also put more costs and inflationary pressure on US manufacturers, workers and consumers, and led to unfair competition," he said.
A draft amendment to the Anti-Unfair Competition Law opened for public opinion on Tuesday, with provisions for fines ranging as high as 5 percent of a firm's annual revenue to punish unfair competitive practices, it was announced on the website of the State Administration for Market Regulation.
The market regulator said that the draft has detailed provisions on anti-unfair competition rules in the digital economy sector, saying that operators should not use data, algorithms, technology or any related advantages to launch unfair competition.
It has made more detailed and accurate provisions to some new types of unfair competition behaviors, and will create a more level playing field for small and medium-sized companies.
"Some new types of unfair competition behaviors were added into the law, including acts that may harm the legitimate rights and interests of small and medium-sized market entities.
The draft made detailed provisions on behavior characterizing unfair competition including data acquisition and use of algorithms to exclude or restrict competition, as well as behaviorxa0that hindersxa0an open and sharing network.
The administration added the draft also listed new types of unfair competition into the law, including acts that harm the legitimate rights and interests of small and medium-sized market entities.
However, many of these developed economies are facing the phenomenon of "rich in wealth but unfair in distribution".
Although the economic size of each of these countries is large, the unfair distribution of wealth has deepened social instability, polarized polity and sparked populism.
The phenomenon of "rich in wealth but unfair in distribution "stoked populism.
The rapid economic globalization of the past few decades has also intensified the problem of unfair distribution among different social classes in these countries.
The unfair distribution of benefits generated by globalization has also unsettled other countries.
The unfair trade practice has bedeviled China's e-commerce sector for years.
The guideline includes plans covering six areas like market regulation and supervision, the submarkets of factors and resources and goods and services, and measures against unfair competition and market intervention.
He said some of the rules stated in the guideline will help prevent unfair practices as they are more "detailed" than expected.
It emphasized the country will prevent platform enterprises from utilizing data, algorithms and other technical means to hinder competition and further crack down on unfair competition in relatively new business formats like platforms and sharing economy.
"Long said that technological blockade, unfair trade rules and digital security are the deep-seated factors behind restricting the development of trade and investment.
To protect a massive market with 158 million market entities and 1.4 billion consumers across the country, Pu said the government will accelerate the pace of repealing various regulations and practices that impede a national unified market and fair competition, further cut unfair market competition and intervention activities, as well as effectively reinforce the stability and predictability of government supervision.
The country will prevent platform enterprises from utilizing data, algorithms and other technical means to hinder competition and further crackdown on unfair competition in new business forms such as platforms and sharing economy, it said.
Supervision should be fair and unified across the market, with unfair competition and market intervention avoided.
For example, the government helps prevent monopolies, investigates and punishes acts of unfair competition in accordance with the law and eradicates regulations and practices that violate the unified market construction in the field of bidding and procurement so that all market entities, regardless of ownership or size, can openly and fairly participate in market competition.
Wang Tian, chairman of retail and real estate company Better Life Group, said China's regulations on unfair competition and the disorderly expansion of capital have provided law-abiding enterprises with broad development opportunities, driving the efficiency of private companies as well as the market economy.
She added that the government has strengthened policy guidance over foreign investment, built platforms to bolster economic and trade cooperation, shortened the negative list for foreign investment access as well as made solid progress in enhancing antimonopoly work and combating unfair competition.
Under the guideline, the country will take steps to implement a unified negative list for market access in all regions, strengthen the anti-monopoly drive, punish enterprises engaging in unfair competition in accordance with the law, and eliminate local protectionism and barriers between regional markets.
It called for strengthened anti-monopoly efforts and crackdown on practices of unfair competition.
According to him, to further improve the regulation and refine government services, the Chinese government is opposed to monopoly and unfair or illegitimate competition, and it will prevent the unregulated expansion of capital.
More efforts will also be made to prevent and stop monopolistic behaviors that exclude and limit the participation of SMEs in fair market competition, crack down on all kinds of unfair competition and guide financial institutions to increase support for SMEs.
The United States' allegation that China's policies and practices violate market principles and would lead to unfair competition is groundless and inconsistent with international economic and trade rules, said Gao Feng, spokesman of the Ministry of Commerce, on Thursday.
Wang Tian, chairman of retail and real estate company Better Life Group, said:"China recently beefed up its antitrust efforts and regulations on all kinds of unfair competition.
Xu Hongcai, deputy director of the China Association of Policy Science's economic policy committee, said that the resolution adopted at the sixth plenary session of the 19th CPC Central Committee sent out the signal that China will solve development problems and narrow the wealth gap through promoting high-quality development, which requires further reforms to get rid of monopolies and unfair competition that prevents the market from playing a crucial and efficient role in resource allocation.
In December, the EU issued two drafts of the Digital Services Act and the Digital Markets Act to further regulate market behavior and restrict unfair competition behavior by internet platform companies.
Wang criticized some unfair rules on agriculture and provisions regarding the Aggregate Measurement of Support, which he said severely distort international trade in the sector.
The regulator will strengthen the supervision and law enforcement of antitrust and unfair competition and prevent the disorderly expansion of capital.
Since 2018, the administration has dealt with 345 monopoly cases, 37,000 unfair competition cases, 118,000 price violation cases and 1,920 business concentration cases.
It is necessary to prevent polarization and eliminate unfair distribution while protecting legal income in accordance with the law, the article said, calling for reasonably adjusting excessive incomes, improving the individual income tax system and better regulating capital gains.
We will continue to earnestly implement the Foreign Investment Law and its supporting regulations, intensify efforts against monopoly and unfair competition in accordance with law, resolutely combat intellectual property violations, and foster a level playing field where all businesses, both domestic and foreign-invested ones, are treated as equals.
"Wang Tian, chairman of retail and real estate company Better Life Group, said: "China recently beefed up its antitrust efforts and regulations on all kinds of unfair competition.
For some tech giants -- known as "platform companies" in China -- which play a dominant role in their respective markets, the regulations and investigations address unfair practices such as the notorious "er xuan yi," or "choose one from two. "
Since 2018, related authorities have invested and dealt with 332 monopoly cases and 36,000 cases involving unfair competition, Zhang said.
To create a market-oriented business environment, efforts should be made to streamline administrative approval procedures, formulate a new negative list for market entry, and tighten regulation over monopoly conduct and unfair market competition, it said.
China's top market regulator has urged stronger law enforcement to tackle unfair competition and related problems like dubious practices and unethical market behavior in the digital economy, in order to better protect brands and other forms of intellectual property.
The report features the top 10 cases against unfair competition.
According to the forum's data, in 2020, various departments of the SAMR have investigated and handled 7,371 cases of unfair competition in all, and imposed fines and confiscated goods, equipment or property worth a total of 416 million yuan ($65.2 million).
"The SAMR will comprehensively strengthen efforts to tackle unfair competition, make breakthroughs in coordination of such efforts, enhance the supervision and law enforcement in key areas, improve the level in the rule of law, and further boost social participance, to cultivate a high-quality market competition environment and a high-standard market system, Gan said.
"I think this (drive against unfair market competition) is good news for everyone.
The meeting urged stronger law enforcement against monopoly and unfair competition.
"We will never engage in low-level redundant construction, and will never allow rural businesses to engage in disorderly and unfair competition," he added.
Despite certain unfair treatment at some companies during their pregnancy, working mothers are treasuring their work opportunities, as 79.91 percent of them work eight to 10 hours per day.